support from Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era Research Centre of Beijing(23LLGLC052).
Drawing on the implementation of the compliance management guidelines issued by China’s SASACs,we construct a quasi-natural experiment to examine the impact of the implementation of these guidelines on the investment...
supported by National Natural Science Foundation of China(Grants No.41971198 and 42371198);Fundamental Research Funds for the Central Universities(Grant No.lzujbky-2023-it24).
In the context of economic globalization,while multinational enterprises from developed countries occupy a high-end position in the global value chain,enterprises from developing countries are often marginalized in th...
This research aims to investigate the influence of female directors on Intellectual Capital Performance(ICP)using a sample of manufacturing-listed companies in China.Our study investigates the link between having two ...
support from the National Natural Science Foundation of China(Project No.71672098);Accounting Master Program of the Ministry of Finance of China(2015)and the Tsinghua University School of Economics and Management Research Grant(Project No.2020051009).
This paper investigates the free cash flow productivity of SOEs compared with non-SOEs and examines its possible determinants.We find that SOEs have slightly weak free cash flow productivity but significantly stronger...
This paper is supported by the Key Project of the National Natural Science Foundation of China(No.71432008).The authors thank Prof.LI Shanmin,Prof.YI Zhihong,Prof.JIANG Dongsheng,Prof.LIU Zhibiao,Prof.LU Zhengfei,Prof.WANG Huacheng,Prof.LÜChangjiang,Prof.TANG Guliang,Prof.WANG Changyun,Prof.ZHENG Hongliang,Prof.WANG Dehua,Prof.XU Feng,Prof.ZHANG Mubin,and friends from central enterprises and financial institutions,such as Mr.YOU Hua,Dr.WANG Yuntong,Dr.QIAN Zhonghua,Dr.QIN Yihu,for their constructive comments and suggestions on this paper.Opinions expressed in this paper are the authors’sole responsibility。
The top-level design of national governance plays a leading role in reforming the corporate governance of state-owned enterprises(SOEs)at the micro level.Following the overall objectives of comprehensively deepening r...
This paper is supported by the Major Project of the National Social Science Fund of China“Research on the Mechanism and Path of Promoting Digital Industry Innovation by Technical Standards and Knowledge of Property Rights”(No.19ZDA077).
China’s state-owned enterprises(SOEs)are facing an embedded integration of new functional mission,new classification reform and new digital development.These new tasks require SOEs to embrace digital strategic transf...
the Philosophy and Social Science Planning Project of Guangdong Province[Grant No.GD20XYJ07];the Young Innovative Talents Project in General Universities of Guangdong Province[Grant No.2020WQNCX017].
This article explores possible options of the upstream mixed-ownership reform with imperfect substitute products in a vertically related market composed of one upstream SOE and two downstream profit-maximising retaile...
supported by the China Post-doctoral Science Foundation(No.2021M692967);the National Natural Science Foundation of China(No.71673280).
This study explored how the risks encountered by Chinese state-owned enterprises(SOEs)affected their decision-making on outward foreign direct investment(OFDI),using data regarding the relationship between the host co...
This paper empirically investigates the role of social trust in the long-term performance of the initial public offerings(IPOs)in China,controlling for the formal institutional environment.We find that privately owned...
This study examines the effects of anti-corruption and equity incentive risk on financial misreporting in the context of China’s unique corporate ownership structure and governance regime.Using a sample comprising 2,...