Is Mixed-Ownership a Profitable Ownership Structure? Empirical Evidence from China DOI
Yufei Zhang

Published: Jan. 1, 2023

Despite nearly twenty years of privatization, mixed-ownership reform has been the mainstay SOE in China recent years. This raises question whether financial performance firms (Mixed firms) is better than private-owned enterprises (POEs). Although Mixed suffer more from government intervention, unclear property rights, and interest conflicts between state shareholders private shareholders, they can also benefit external resources controlled by state. Therefore, still unclear. Collecting data Chinese A-share listed market, we divide into POEs, (MixedSOEs), sectors (MixedPOEs). Measuring profitability using ROA ROE, find that on average, POEs perform firms, MixedPOEs have a higher MixedSOEs. Within shares are related to lower profitability, profitability. Using NBS survey data, further SOEs exhibit lowest with MixedSOEs middle, highest We try address endogeneity challenge several ways get similar results. Overall, our analysis provides new evidence firms.

Language: Английский

China's mixed-ownership reform and SOE profitability DOI
Yufei Zhang, Deqiang Liu

Economic Analysis and Policy, Journal Year: 2024, Volume and Issue: 83, P. 496 - 520

Published: May 31, 2024

Language: Английский

Citations

9

Earnings pressure and corporate carbon emissions: Empirical evidence from listed firms in China DOI
Yan Song, Lijun Cai, Ming Zhang

et al.

Resources Conservation and Recycling, Journal Year: 2024, Volume and Issue: 206, P. 107657 - 107657

Published: April 29, 2024

Language: Английский

Citations

7

How does financial openness affect pollution emission of industrial enterprises?—Empirical evidence from the entry of foreign banks in China DOI
Bei Liu,

Xing Bao,

Zhaoxuan Qiu

et al.

Sustainable Development, Journal Year: 2023, Volume and Issue: 32(4), P. 2910 - 2930

Published: Nov. 13, 2023

Abstract Currently, the effects of financial openness (FO) on environment have not been assessed at micro level enterprises. This article uses difference‐in‐differences method to explore pollution abatement effect FO. The results show that FO can effectively promote with a significant environmental performance enhancement effect. In addition, is stronger in large, heavy industrial, and state‐owned Besides, significantly alleviates financing constraints promotes by driving R&D investment strengthening intensity end‐of‐pipe treatment. Policy recommendations are given steadily expand pattern, improve disclosure system small medium‐sized enterprises, optimize subsidies for increased stimulate abatement. A reference other emerging economies, especially transitioning provided fully utilize under construction or improvement realize value control.

Language: Английский

Citations

14

Climate policy uncertainty influences carbon emissions in the semiconductor industry DOI
Shulei Cheng,

Yongtao Chen,

Kexin Wang

et al.

International Journal of Production Economics, Journal Year: 2024, Volume and Issue: unknown, P. 109436 - 109436

Published: Oct. 1, 2024

Language: Английский

Citations

5

Influence of ship emission control area policy on air quality at Shanghai Port—local and regional perspectives DOI Creative Commons
Fan Zhou,

Yan Wang,

Jing Liu

et al.

Ecological Indicators, Journal Year: 2023, Volume and Issue: 155, P. 110951 - 110951

Published: Sept. 18, 2023

Studies on the impact of ship emission control area (ECA) policies focus mainly regional or national perspectives, while local air quality and its associated effects are largely neglected. Here, we quantitatively analyzed implementation ECA policy SO2 concentrations at levels from 2018 to 2021 using a regression discontinuity (RD) model reveal positive multiple perspectives. In this model, time point concentration were considered breakpoint observation indicator, respectively, evaluate effect implementation. We investigated 2016 in terms switching low-sulfur fuel oil Waigaoqiao Wharf Shanghai Port (local perspective), change wharf during 2018–2021, City (regional perspective) 2016–2021 results show that mean decreased 4.61 3.33, 2.68 0.03, 11.32 6.73 μg/m3, respectively. The improvement scales with respect decrease 3.10 0.03 8.30 5.90 Our showed effectively improved both scales. As expected, had greater quality, given impacts various other sources scale.

Language: Английский

Citations

12

Digital Transformation and Carbon Emission Reduction: The Moderating Effect of External Pressure and Support DOI

Shaozhen Han,

Hanfeng Zhang,

Hui Li

et al.

Journal of Cleaner Production, Journal Year: 2025, Volume and Issue: unknown, P. 145108 - 145108

Published: Feb. 1, 2025

Language: Английский

Citations

0

Supply chain spillover effects of environmental taxes on emission reduction DOI
Xuechao Xia, Hui Sun,

Zedong Yang

et al.

Journal of Environmental Management, Journal Year: 2025, Volume and Issue: 378, P. 124756 - 124756

Published: March 4, 2025

Language: Английский

Citations

0

The Effects of Mixed Ownership Reforms on Chinese Firms’ Emissions DOI
Kefan Xu, Peng Yuan,

Renjie Yu

et al.

Economic Analysis and Policy, Journal Year: 2025, Volume and Issue: unknown

Published: March 1, 2025

Language: Английский

Citations

0

Unintended Environmental Gains: The Impact of Social Insurance Contribution Cut on Corporate Carbon Emission Reduction DOI
Jun Su, Lijin Xiang,

Deng-Kui Si

et al.

Economic Analysis and Policy, Journal Year: 2025, Volume and Issue: unknown

Published: May 1, 2025

Language: Английский

Citations

0

Can foreign demand shocks reduce the pollution emission intensity? Evidence from exporters in China DOI
Shufei Wang, Xinyu Ma, Xiang Zhang

et al.

Energy Economics, Journal Year: 2024, Volume and Issue: 133, P. 107515 - 107515

Published: April 3, 2024

Language: Английский

Citations

3