In the twenty years since the Cultural Revolution, China has maintained fast real growth. This occurred despite China having similar problems to other transitional economies, eg loss-making State Owned Enterprises (SOEs), eroding fiscal revenues and inflation, (Section 3). Although China initially adopted the Soviet central planning model, after the 1950s break Chinese planning changed towards ...

This paper compares the relative effectiveness of two measures by which the Chinese government attempted to improve the monitoring of listed companies: shifting the ownership of state shares from government agencies (GAs) to the corporate form of state-owned enterprises (SOEs), and strengthening corporate governance through statutory regulations and guidelines. The results show that SOEs are be...

The government ownership's impact on the investment efficiency of enterprises in transitional market – Vietnam was studied using model Tobin's Q, which measures interaction between spending and opportunities for investing as a scale. study exercises method linear regressions based OLS with sample 251 companies listed Ho Chi Minh Stock Exchange from 2015 to 2019. empirical results indicate that ...

We examine the contrast in the experience of ownership reforms between urban SOEs and rural TVEs using a panel of industrial enterprises in Nanjing municipality for the period from 1994 to 2001. Our objectives are twofold. First, we study how the reform program of “grasp the large and let go of the small” has been carried out in practice by comparing the patterns of enterprise restructuring in ...

This study investigates the effect of banks’ dual holding on bank lending and firms’ investment decisions using a sample of listed firms in China. We find that dual holding leads to easier access to bank loans, a result that is more pronounced for non-state-owned enterprises (non-SOEs) than SOEs. We also find that dual holding distorts banks’ lending decisions and harms the investment efficienc...

China's agricultural sector was the first to experience significant success from reform, but initial reform efforts in the late 1970s were directed at state-owned enterprises (SOEs). In 1978, when farmers started to experiment-secretly and illegally-with the now famous household responsibility system (HRS) in several villages in Anhui province, the government was already introducing the first s...

State-owned enterprises (SOEs) continue to improve their performance. One of the efforts taken by Ministry SOEs is restructure into holding companies based on clusters. The formation each company cluster carried out in stages. This study examines effect corporate governance, performance with mediating role value chain. Corporate governance refers results self-assessment, which uniqueness CG ass...

This paper examines the relationship between selected firm-specific variables and extent of corporate social responsibility (CSR) disclosures by Libyan state-owned enterprises (SOEs). The initial sample in this study consists 310 annual reports from 95 firms over a period eight years 2010 to 2018 inclusive. A content analysis approach firms’ is applied using CSR disclosure index based on Global...

We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than firms in which the state has no ownership stake. In particular, SOEs more capital intensive have a lower average product of non-SOEs. These productivity differences increased between 2002 2009, remain sizeable 2019. Using heterogeneous firm model resource misallocation, we find there ...