A Re-examination of Effects of State Ownership on Enterprise Performance:An Empirical Analysis of the Accounting Information of State-owned Companies in China’s Stock Market
Author(s): LIU Qijun, XIONG Xuan
Pages: 23-28
Year: 2013 Issue: 4
Journal: Journal of Central South University (Social Science)
Keyword: State ownership; market performance of enterprises; scale of enterprises; State-owned companies in China’s stock market;
Abstract: The market performance of state-owned enterprises has received widespread concerns. The question of the true effects of state ownership on the market performance of state-owned enterprises has been an academic dispute that awaits settlement. To find the answer to the question, the empirical part selects 227 state-owned shareholding companies from the listed companies in China’s stock market and investigates the influences of state-ownership on the performance of the companies. The results show that the state-ownership and firm scale have significant positive effects on enterprise performance.
Pages: 23-28
Year: 2013 Issue: 4
Journal: Journal of Central South University (Social Science)
Keyword: State ownership; market performance of enterprises; scale of enterprises; State-owned companies in China’s stock market;
Abstract: The market performance of state-owned enterprises has received widespread concerns. The question of the true effects of state ownership on the market performance of state-owned enterprises has been an academic dispute that awaits settlement. To find the answer to the question, the empirical part selects 227 state-owned shareholding companies from the listed companies in China’s stock market and investigates the influences of state-ownership on the performance of the companies. The results show that the state-ownership and firm scale have significant positive effects on enterprise performance.
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