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A Multi-Task Theory of the State Enterprise Reform

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Cited by:

  1. Jun Du & Xinhui Dai & Bo Yan, 2025. "Typhoon strikes, political costs and earnings management," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(2), pages 2065-2105, June.
  2. Wei, Lang & Zhang, Yiling, 2023. "Nonfinancial indicators in identifying stock price crash risk," Finance Research Letters, Elsevier, vol. 52(C).
  3. Liu, Yingxuan & Dou, Huan & Liu, Yuanyuan, 2025. "The influence of institutional pressure on the target trade-off of state-owned enterprises: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 101(C).
  4. Ying Hao & Jing Lu, 2018. "The Impact of Government Intervention on Corporate Investment Allocations and Efficiency: Evidence from China," Financial Management, Financial Management Association International, vol. 47(2), pages 383-419, June.
  5. Peng, Fei & Kang, Lili & Jiang, Jun, 2011. "Selection and institutional shareholder activism in Chinese acquisitions," MPRA Paper 38701, University Library of Munich, Germany.
  6. Huang, Xianfeng & Li, Ping & Lotspeich, Richard, 2010. "Economic growth and multi-tasking by state-owned enterprises: An analytic framework and empirical study based on Chinese provincial data," Economic Systems, Elsevier, vol. 34(2), pages 160-177, June.
  7. Tyrone M. Carlin & Cuong Duc Pham, 2009. "From Public To Private: Evidence From a Transitional Economy Setting," Australian Accounting Review, CPA Australia, vol. 19(3), pages 207-216, September.
  8. Su, Dongwei, 2005. "Corporate finance and state enterprise reform in China," China Economic Review, Elsevier, vol. 16(2), pages 118-148.
  9. Zhu, Ling & Liu, Shasha & Kong, Dongmin, 2023. "Governments' fiscal stress and firm decentralization," International Review of Financial Analysis, Elsevier, vol. 90(C).
  10. Jiang, Kun & Wang, Susheng, 2017. "A contractual analysis of state versus private ownership," China Economic Review, Elsevier, vol. 43(C), pages 142-168.
  11. Shujun Ding & Chunxin Jia & Zhenyu Wu, 2016. "Mutual Fund Activism and Market Regulation During the Pre-IFRS Period: The Case of Earnings Informativeness in China from an Ethical Perspective," Journal of Business Ethics, Springer, vol. 138(4), pages 765-785, November.
  12. Lin, Gan & Takahashi, Yoshifumi & Nomura, Hisako & Yabe, Mitsuyasu, 2022. "Policy incentives, ownership effects, and firm productivity—Evidence from China’s Agricultural Leading Firms Program," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 845-859.
  13. Chi, Wei & Wang, Yijiang, 2009. "Ownership, performance and executive turnover in China," Journal of Asian Economics, Elsevier, vol. 20(4), pages 465-478, September.
  14. Causevic, Senija & Lynch, Paul, 2013. "Political (in)stability and its influence on tourism development," Tourism Management, Elsevier, vol. 34(C), pages 145-157.
  15. Du, Julan & Lu, Yi & Tao, Zhigang & Zhang, Yan, 2025. "Getting back a level playing field under state-guided market economy: Evidence from quake donations by non-state-controlled companies in China," Journal of Comparative Economics, Elsevier, vol. 53(2), pages 559-583.
  16. Lin, Mi & Kwan, Yum K., 2014. "FDI Spatial Spillovers in China," MPRA Paper 60754, University Library of Munich, Germany.
  17. Lakshmi Iyer & Xin Meng & Nancy Qian & Xiaoxue Zhao, 2013. "Economic Transition and Private-Sector Labor Demand: Evidence from Urban China," Harvard Business School Working Papers 14-047, Harvard Business School, revised Apr 2016.
  18. Chen, Christopher Chao-hung & Guo, Re-Jin & Lin, Lauren Yu-Hsin, 2023. "The effect of political influence on corporate valuation: Evidence from party-building reform in China," International Review of Law and Economics, Elsevier, vol. 73(C).
  19. Li, Lixing, 2008. "Employment burden, government ownership and soft budget constraints: Evidence from a Chinese enterprise survey," China Economic Review, Elsevier, vol. 19(2), pages 215-229, June.
  20. Zhou, William Chongyang & Yan, Daying & Sun, Sunny Li, 2022. "Climbing the Ladder: Inward Sourcing as an Upgrading Capability in Global Value Chains," Research Policy, Elsevier, vol. 51(3).
  21. Bai, Chong-En & Lu, Jiangyong & Tao, Zhigang, 2009. "How does privatization work in China?," Journal of Comparative Economics, Elsevier, vol. 37(3), pages 453-470, September.
  22. Ghosh, Madanmohan & Whalley, John, 2008. "State owned enterprises, shirking and trade liberalization," Economic Modelling, Elsevier, vol. 25(6), pages 1206-1215, November.
  23. Liu, Xiaojie & Shen, Jim Huangnan & Deng, Kent, 2016. "A rational path towards a Pareto optimum for reforms of large state-owned enterprise in China, past, present and future," Economic History Working Papers 67019, London School of Economics and Political Science, Department of Economic History.
  24. Chen, Fengqin & Huyghebaert, Nancy & Lin, Sen & Wang, Lihong, 2019. "Do multiple large shareholders reduce agency problems in state-controlled listed firms? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 57(C).
  25. Bischoff, Ivo, 2002. "Efficiency-Enhancing Effects Of Private And Collective Enterprises In Transitional China," Discussion Papers 26467, University of Giessen, Center for International Development and Environmental Research.
  26. Hao Qi & Zhongjin Li & Ningzhi He, 2025. "Riding out the Storm: How State-Owned Enterprises in China Fought the COVID Crisis," Review of Radical Political Economics, Union for Radical Political Economics, vol. 57(1), pages 109-128, March.
  27. Lu, Jiangyong & Tao, Zhigang, 2010. "Determinants of entrepreneurial activities in China," Journal of Business Venturing, Elsevier, vol. 25(3), pages 261-273, May.
  28. Huang, Linqiang & Xiao, Sheng, 2012. "How does government ownership affect firm performance? A simple model of privatization in transition economies," Economics Letters, Elsevier, vol. 116(3), pages 480-482.
  29. Shing-Yi Wang, 2013. "Marriage Networks, Nepotism, and Labor Market Outcomes in China," American Economic Journal: Applied Economics, American Economic Association, vol. 5(3), pages 91-112, July.
  30. Dong, Xiao-Yuan & Putterman, Louis, 2003. "Soft budget constraints, social burdens, and labor redundancy in China's state industry," Journal of Comparative Economics, Elsevier, vol. 31(1), pages 110-133, March.
  31. Lu, Jiangyong & Tao, Zhigang, 2009. "Trends and determinants of China's industrial agglomeration," Journal of Urban Economics, Elsevier, vol. 65(2), pages 167-180, March.
  32. Yang, Dan & Jiao, Hao & Buckland, Roger, 2017. "The determinants of financial fraud in Chinese firms: Does corporate governance as an institutional innovation matter?," Technological Forecasting and Social Change, Elsevier, vol. 125(C), pages 309-320.
  33. Liu, Xiaojie & Shen, Jim Huangnan & Deng, Kent, 2022. "Endowment Structure, property rights and reforms of large state-owned enterprises (SOEs) in China: Past, present and future," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 675-692.
  34. Xunan Feng & Anders C. Johansson, 2017. "CEO Incentives in Chinese State-Controlled Firms," Economic Development and Cultural Change, University of Chicago Press, vol. 65(2), pages 223-264.
  35. Jiang, Fuxiu & Jiang, Zhan & Kim, Kenneth A., 2020. "Capital markets, financial institutions, and corporate finance in China," Journal of Corporate Finance, Elsevier, vol. 63(C).
  36. Zhang, Anming & Zhang, Yimin & Zhao, Ronald, 2002. "Profitability and productivity of Chinese industrial firms: Measurement and ownership implications," China Economic Review, Elsevier, vol. 13(1), pages 65-88.
  37. Hu, Fang & Pan, Xiaofei & Tian, Gary, 2013. "Does CEO pay dispersion matter in an emerging market? Evidence from China's listed firms," Pacific-Basin Finance Journal, Elsevier, vol. 24(C), pages 235-255.
  38. Ruize Cai & Kyung Hwan Yun & Minho Kim, 2022. "Financing Constraints and Corporate Value in China: The Moderating Role of Multinationality and Ownership Type," Sustainability, MDPI, vol. 14(19), pages 1-22, September.
  39. Wang, Kun Tracy & Shailer, Greg, 2022. "Multiple performance criteria for government-controlled firms," International Review of Economics & Finance, Elsevier, vol. 79(C), pages 75-96.
  40. Matuszak Piotr, 2020. "What determines the scale of state ownership in enterprises? Some evidence from post-socialist countries," Economics and Business Review, Sciendo, vol. 6(4), pages 95-117, December.
  41. Hassan, Ibne & Chidlow, Agnieszka & Romero-Martínez, Ana M., 2016. "Selection, valuation and performance assessment: Are these truly inter-linked within the M&A transactions?," International Business Review, Elsevier, vol. 25(1), pages 255-266.
  42. Ren, Xiaoyi & Shao, Huan, 2022. "Non-state shareholder governance and shadow banking business: Evidence from Chinese state-owned manufacturing enterprises," Research in International Business and Finance, Elsevier, vol. 60(C).
  43. Jia, Junxue & Ma, Guangrong, 2017. "Do R&D tax incentives work? Firm-level evidence from China," China Economic Review, Elsevier, vol. 46(C), pages 50-66.
  44. Sanchez Navarro,Dennis, 2024. "What Happens When the State Is Bossing around Markets ? An Analysis of the Performance Differentials between Businesses of the State (BOS) and Private-Owned Enterprises (POEs)," Policy Research Working Paper Series 10820, The World Bank.
  45. Zhang, Xiaobo & Kanbur, Ravi, 2005. "Spatial inequality in education and health care in China," China Economic Review, Elsevier, vol. 16(2), pages 189-204.
  46. Mi Lin & Yum K. Kwan, 2017. "FDI Spatial Spillovers in China," The World Economy, Wiley Blackwell, vol. 40(8), pages 1514-1530, August.
  47. Pessarossi, Pierre & Weill, Laurent, 2013. "Does CEO turnover matter in China? Evidence from the stock market," Journal of Economics and Business, Elsevier, vol. 70(C), pages 27-42.
  48. Chen, Gongmeng & Firth, Michael & Gao, Daniel N. & Rui, Oliver M., 2006. "Ownership structure, corporate governance, and fraud: Evidence from China," Journal of Corporate Finance, Elsevier, vol. 12(3), pages 424-448, June.
  49. Robert Elliott & Ying Zhou, 2013. "State-owned Enterprises, Exporting and Productivity in China: A Stochastic Dominance Approach," The World Economy, Wiley Blackwell, vol. 36(8), pages 1000-1028, August.
  50. Zhang, Yufei & Wang, Li & Wang, Qing, 2026. "Can nationalization improve firm profitability? Empirical evidence from China," International Review of Financial Analysis, Elsevier, vol. 109(C).
  51. Deng, Yongheng & Morck, Randall & Wu, Jing & Yeung, Bernard, 2011. "Monetary and Fiscal Stimuli, Ownership Structure, and China's Housing Market," Ratio Working Papers 173, The Ratio Institute.
  52. Jing Bu & Julan Du & Jiancai Pi, 2024. "Do zombie firms affect healthy firms' exporting? Evidence from China," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 32(3), pages 707-738, July.
  53. Chang, Eric C. & Wong, Sonia M.L., 2009. "Governance with multiple objectives: Evidence from top executive turnover in China," Journal of Corporate Finance, Elsevier, vol. 15(2), pages 230-244, April.
  54. Zhang, Dongyang, 2020. "Do credit squeezes influence firm survival? An empirical investigation of China," Economic Systems, Elsevier, vol. 44(3).
  55. Bai, Chong-En & Du, Yingjuan & Tao, Zhigang & Tong, Sarah Y., 2004. "Local protectionism and regional specialization: evidence from China's industries," Journal of International Economics, Elsevier, vol. 63(2), pages 397-417, July.
  56. Hongli Liu & Xiaoyu Yan & Jinhua Cheng & Jun Zhang & Yan Bu, 2021. "Driving Factors for the Spatiotemporal Heterogeneity in Technical Efficiency of China’s New Energy Industry," Energies, MDPI, vol. 14(14), pages 1-21, July.
  57. Szarzec, Katarzyna & Dombi, Ákos & Matuszak, Piotr, 2021. "State-owned enterprises and economic growth: Evidence from the post-Lehman period," Economic Modelling, Elsevier, vol. 99(C).
  58. Walheer, Barnabé & He, Ming, 2020. "Technical efficiency and technology gap of the manufacturing industry in China: Does firm ownership matter?," World Development, Elsevier, vol. 127(C).
  59. Feng, Xunan & Johansson , Anders C. & Wang, Ying, 2018. "Strengthened State Capitalism: Nationalized Firms in China," Stockholm School of Economics Asia Working Paper Series 2018-51, Stockholm School of Economics, Stockholm China Economic Research Institute.
  60. Cheung, Yan-Leung & Jiang, Ping & LIMPAPHAYOM, Piman & Lu, Tong, 2008. "Does corporate governance matter in China?," China Economic Review, Elsevier, vol. 19(3), pages 460-479, September.
  61. Filip Abraham & Jozef Konings & Veerle Slootmaekers, 2010. "FDI spillovers in the Chinese manufacturing sector," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 18(1), pages 143-182, January.
  62. Fu, Weigang & Liu, Fangrui & Liu, Yan, 2024. "Network-based state ownership and corporate resilience: Evidence from China," Finance Research Letters, Elsevier, vol. 69(PB).
  63. Ren, Yangqiu & Hu, Guoliu & Wan, Qing, 2024. "Environmental Protection tax and diversified transition of heavily polluting enterprises: Evidence from a quasi-natural experiment in China," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 1570-1592.
  64. Hang, Jing & Wang, Miaojun & Zhou, Mohan, 2025. "Productivity implications of inefficient environmental regulation: Evidence from China," China Economic Review, Elsevier, vol. 90(C).
  65. Cheng, Jiameng & Dai, Yanke & Lin, Shu & Ye, Haichun, 2021. "Clan culture and family ownership concentration: Evidence from China," China Economic Review, Elsevier, vol. 70(C).
  66. Peixin Li & Lixia Li & Yichun Xie & Xueliang Zhang, 2021. "Investigating the effects of market segmentation on firm survival and their heterogeneities in China," Growth and Change, Wiley Blackwell, vol. 52(4), pages 2614-2634, December.
  67. Shu, Li & Wang, Wei, 2023. "Human capital and trademarks: Evidence from higher education expansion in China," Research Policy, Elsevier, vol. 52(10).
  68. Zhihui Sun & Dejun Wu & Min Zhang, 2021. "Better late than never? Corporate social responsibility engagement after product-harm crises," Asia Pacific Journal of Management, Springer, vol. 38(4), pages 1209-1259, December.
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  70. Mingyue Fang & Rui Ruan, 2023. "State‐owned Enterprises in China as Macroeconomic Stabilizers: Their Special Function in Times of Economic Policy Uncertainty," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 31(5), pages 87-115, September.
  71. Li, Xiaoxia & Cai, Guilong & Luo, Danglun, 2020. "GDP distortion and tax avoidance in local SOEs: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 69(C), pages 582-598.
  72. Bi, XiaoGang, 2021. "The Communist Party Committee and corporate takeovers," International Review of Financial Analysis, Elsevier, vol. 78(C).
  73. Kang, Fei & Hauge, Janice A. & Lu, Ting-Jie, 2012. "Competition and mobile network investment in China’s telecommunications industry," Telecommunications Policy, Elsevier, vol. 36(10), pages 901-913.
  74. Zhang, Shanshan & Liu, Chang, 2020. "State ownership and the structuring of lease arrangements," Journal of Corporate Finance, Elsevier, vol. 62(C).
  75. Mohammed Arkan Sahib Tileal & Farzaneh Nassirzadeh & Mohammad Javad Saei & Davood Askarany, 2023. "The Impact of Ownership Type on Labour Cost Stickiness," JRFM, MDPI, vol. 16(5), pages 1-17, May.
  76. Jaax, Alexander, 2020. "Private sector development and provincial patterns of poverty: Evidence from Vietnam," World Development, Elsevier, vol. 127(C).
  77. Hu, Fang & Tan, Weiqiang & Xin, Qingquan & Yang, Sixian, 2013. "How do market forces affect executive compensation in Chinese state-owned enterprises?," China Economic Review, Elsevier, vol. 25(C), pages 78-87.
  78. Han Hu & Yunshi Cao & Yanzhen Wang, 2025. "“Carrot and Stick”: Do US Entity List Sanctions Increase the Effectiveness of Chinese Government Subsidy?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(5), pages 16670-16697, November.
  79. Feng-Cheng Fu & Chu-Ping Vijverberg & Yong-Sheng Chen, 2008. "Productivity and efficiency of state-owned enterprises in China," Journal of Productivity Analysis, Springer, vol. 29(3), pages 249-259, June.
  80. Hao Qi & David M. Kotz, 2020. "The Impact of State-Owned Enterprises on China’s Economic Growth," Review of Radical Political Economics, Union for Radical Political Economics, vol. 52(1), pages 96-114, March.
  81. Aldy Fariz Achsanta & Laetitia Lepetit & Amine Tarazi, 2020. "Expropriation risk vs. government bailout: implications for minority shareholders of state-owned banks," Working Papers hal-02512308, HAL.
  82. Li, Wei & Man, Yuanyuan & Liu, Jianing & He, Yongda & Hu, Yang, 2025. "Emission trading policy and firm-level carbon disclosure in China: Unveiling the potential of market-based environmental regulation," Research in International Business and Finance, Elsevier, vol. 79(C).
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  88. Qiang Liu & Ying Hao & Yong Du & Yuning Xing, 2020. "GDP competition and corporate investment: Evidence from China," Pacific Economic Review, Wiley Blackwell, vol. 25(3), pages 402-426, August.
  89. Kato, Takao & Long, Cheryl, 2006. "CEO Turnover, Firm Performance and Enterprise Reform in China: Evidence from New Micro Data," IZA Discussion Papers 1914, IZA Network @ LISER.
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