State‐owned firms and private debt [PDF]
AbstractWe study the role of private debt financing in reducing government transfers and information costs in a state‐owned firm. We show that debt contracts allow the government to reduce socially costly subsidies by letting underperforming state‐owned firms default.
Pierre M. Picard, Ridwan D. Rusli
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The Effect of Foreign Debt, Liquidity, Firm Size, and Exchange Rate on Hedging Decision
Introduction/Main Objectives: This research aims to analyze the effect of internal factors, especially foreign debt, liquidity, and firm size, and also external factors, especially the exchange rate, on hedging decisions, with profitability as the ...
Jovi Ostana Mangara Yudha +2 more
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Pengaruh Kebijakan Dividen dan Investment Opportunity Set (IOS) terhadap Kinerja Perusahaan pada Perusahaan BUMN Go Public [PDF]
This research to determine the effect of devidend policy and Investment Opportunity Set (IOS) on the firm performance on state-owned enterprises (SOE) go public listed in the Indonesia Stock Exchange.
Anggi Angga Resti +2 more
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Corporate Governance Mechanisms, Ownership and Firm Value: Evidence from Listed Chinese Firms
This study analyzes corporate ownership as a corporate governance mechanism and its role in creating firm value. Previous research shows that there is no convergence on the firm-value corporate ownership relationship.
Yusheng Kong +4 more
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Smarter and Prosperous: Digital Transformation and Enterprise Performance
Using manually constructed enterprise digital data from 2012 to 2020, this paper innovatively constructs an enterprise digitalization index to explore its impact on enterprise performance and discusses the potential channels of digitalization on ...
Da Gao +3 more
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Ownership, technology gap and technical efficiency of small and medium manufacturing firms in Vietnam: A stochastic meta frontier approach [PDF]
The ownership - efficiency relationship in a firm has always been an important topic. In this paper, we focus on the state owned versus non-state-owned status of Vietnamese manufacturing firms, to shed light into the relationship between these two ...
Thi Minh Nguyen +3 more
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The Limits of Liberalization: WTO Entry and Chinese State-Owned Firms
Abstract Does state ownership limit the liberalizing effects of the WTO? We examine the case of China, which is not only the largest exporting state but also lends active support to state-owned enterprises (SOEs) that could distort global trade.
Tan, Y, Davis, CL
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Technology Entrepreneurship of Large State-Owned Firms in Emerging Economies
Firms in emerging economies face greater resource constraints and higher levels of firm informality than those in developed economies. Particularly, large state-owned firms struggle for survival when encountering intense competition in the changing domestic markets and the global market.
Jing Ge, Hongxia Sun, Yong Chen 0018
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Empowering Cities: Good for Growth? Evidence from the People's Republic of China [PDF]
This paper utilizes a countrywide process of county-to-city upgrading in the 1990s to identify whether extending the powers of urban local governments leads to better firm outcomes. The paper hypothesizes that since local leaders in newly promoted cities
Megha Mukim, T. Juni Zhu
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This study investigates the adjustment behaviour and adjustment speed of Chinese frms with regards to capital structure. For this purpose, the study utilises an extensive set of data of 867 A-Listed non-fnancial Chinese frms over ten years from 2003 to 2012.
Mirza, Sultan Sikandar +2 more
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