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

Опубликована: Янв. 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.

Язык: Английский

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

Economic Analysis and Policy, Год журнала: 2024, Номер 83, С. 496 - 520

Опубликована: Май 31, 2024

Язык: Английский

Процитировано

9

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

и другие.

Resources Conservation and Recycling, Год журнала: 2024, Номер 206, С. 107657 - 107657

Опубликована: Апрель 29, 2024

Язык: Английский

Процитировано

8

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

и другие.

Sustainable Development, Год журнала: 2023, Номер 32(4), С. 2910 - 2930

Опубликована: Ноя. 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.

Язык: Английский

Процитировано

14

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

Yongtao Chen,

Kexin Wang

и другие.

International Journal of Production Economics, Год журнала: 2024, Номер unknown, С. 109436 - 109436

Опубликована: Окт. 1, 2024

Язык: Английский

Процитировано

6

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

и другие.

Ecological Indicators, Год журнала: 2023, Номер 155, С. 110951 - 110951

Опубликована: Сен. 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.

Язык: Английский

Процитировано

12

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

и другие.

Energy Economics, Год журнала: 2024, Номер 133, С. 107515 - 107515

Опубликована: Апрель 3, 2024

Язык: Английский

Процитировано

3

State-Owned Capital Participation and Corporate Environmental, Social, and Governance Performance: Evidence from Chinese Private Firms DOI
Jinhua Li, K Wang,

Y. John Mei

и другие.

Journal of the Knowledge Economy, Год журнала: 2024, Номер unknown

Опубликована: Ноя. 1, 2024

Язык: Английский

Процитировано

3

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

Shaozhen Han,

Hanfeng Zhang,

Hui Li

и другие.

Journal of Cleaner Production, Год журнала: 2025, Номер unknown, С. 145108 - 145108

Опубликована: Фев. 1, 2025

Язык: Английский

Процитировано

0

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

Zedong Yang

и другие.

Journal of Environmental Management, Год журнала: 2025, Номер 378, С. 124756 - 124756

Опубликована: Март 4, 2025

Язык: Английский

Процитировано

0

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

Renjie Yu

и другие.

Economic Analysis and Policy, Год журнала: 2025, Номер unknown

Опубликована: Март 1, 2025

Язык: Английский

Процитировано

0