In this comparative case study research, we reflect on two enterprise resource planning (ERP) implementation stories at two large petrochemical companies in China. These companies implemented the same ERP system in a similar time span (though not at the same time). They are two very large Chinese State-Owned Enterprises (SOEs) and in this paper we highlight the centralization versus decentraliz...

As China moves forward in its transition toward a market economy, the budget becomes increasingly important as a policy instrument. Along with monetary policy, it is the Government’s main tool for maintaining macroeconomic stability and allocating resources to achieve policy objectives, taking over the role that used to be preformed by the Plan. As the Plan is stripped of its resource support a...

We investigate the impact and mechanism of industrial policy on corporate investment efficiency. Using micro-level data A-share listed firms China’s stock market from 2001–2020, we examine whether policies have different effects state-owned enterprises (SOEs) non-state-owned (non-SOEs). Moreover, identify specific followers to further illustrate The empirical results show that promote investmen...

There is no consensus on whether state-owned enterprises (SOEs) or privately-owned (POEs) pollute more. This study explores the impact of ownership pollution emission intensity using micro-data from Chinese industrial enterprises. From perspective energy efficiency, mechanism affecting emissions explored further. Research results show that SOEs significantly higher than POEs. The underlying rea...

a r t i c l e i n f o We examine oligopoly models of vertical product differentiation in which producing firms face variable costs of quality development. We show that comparing to private oligopoly, mixed oligopoly – whereby state-owned enterprises (SOEs) and private firms coexist – enhances social welfare but reduces firms' profitability. We also demonstrate that Bertrand competition makes fi...

The mixed ownership reform aims to improve the property rights structure of state−owned enterprises (SOEs) and reduce agency costs, current strategies mainly include equity blending by introducing external non−state capital, executive assignments, employee stock ownership. In this paper, 953 valid data A−shares listed in Shanghai Shenzhen from 2008 2020 are used as samples construct indicators ...

This study uses the introduction of Green Credit Guidelines in 2012 as a quasi-natural experiment. We selected Chinese A-share listed enterprises from 2004 to 2020 sample and applied PSM-DID examine impact green credit policy on performance construction energy-saving enterprises. The revealed that: 1) has significant contribution In addition, it still holds after robustness tests (replacing PSM...