JOURNAL ARTICLE

Mixed ownership reforms and the transparency of nonstate‐owned enterprises: Evidence from China.

  • Published In: Managerial & Decision Economics, 2023, v. 44, n. 1. P. 271 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Zhao, Yueyang; Mao, Jinzhou 3 of 3

Abstract

This paper takes Chinese Shanghai and Shenzhen A‐share nonstate‐owned listed companies from 2008 to 2019 as samples to study the impact and mechanism of state‐owned capital participation on the transparency of nonstate‐owned enterprises. The results show that state‐owned capital participation has a significant positive impact on the transparency of nonstate‐owned enterprises. In terms of the mechanism of action, state‐owned capital participation positively impacts corporate transparency by increasing investors' attention. Further research finds that the positive effect of state‐owned capital participation on foreign‐funded enterprises and enterprises with few financing constraints is more prominent. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:Managerial & Decision Economics. 2023/01, Vol. 44, Issue 1, p271
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2023
  • ISSN:0143-6570
  • DOI:10.1002/mde.3679
  • Accession Number:160812470
  • Copyright Statement:Copyright of Managerial & Decision Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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