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State Ownership and Corporate Governance
2022Abstract In this study, we survey the extensive literature examining the economic and political developments since 2000 relating to state capitalism, state ownership of business, and corporate governance. Through the early twenty-first century, there was an unambiguous global trend toward reducing government ownership of business ...
William L. Megginson, Xia (Summer) Liu
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State Ownership and Debt Structure
Review of Corporate Finance, 2021We provide the first firm-level evidence of the relation between state ownership and debt structure. Using an international sample of newly privatized firms (NPFs) from 76 countries over the 1998–2017 period, we find that state ownership is associated with a more diversified debt structure.
Narjess Boubakri +3 more
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State ownership and trade credit
2022Using a policy requiring state-own legal-person shareholders to sell or transfer 10% of their shares to National Social Security Fund as instrument, I demonstrate a causal effect of total state-owned corporate shares on trade credit using Difference in Difference.
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