Welcome to Francis Academic Press

Academic Journal of Engineering and Technology Science, 2021, 4(2); doi: 10.25236/AJETS.2021.040205.

Study on the Impact of Mixed Ownership Reform on the Performance of State-owned Enterprises

Author(s)

Shan Zhu1, *

Corresponding Author:
Shan Zhu
Affiliation(s)

1School of Management, Shanghai University, Shanghai 200444, China

*Corresponding author

Abstract

Based on 2013-2019 state-owned listed companies as samples, and from the aspects of ownership structure and top management, examine the influence of mixed ownership reform of state-owned listed companies performance, the results showed that the mixed ownership significantly promoted the reform of state-owned enterprise performance, and non-state-owned capital by appointed director of the senior management mode to promote the performance of state-owned enterprises effect is more obvious than ownership; In addition, it is also found that compared with SOEs with stronger government intervention, the improvement effect of mixed-ownership reform on SOEs' performance is more significant in SOEs with weaker government intervention.

Keywords

mixed ownership reform, performance of state-owned enterprises, government intervention

Cite This Paper

Shan Zhu. Study on the Impact of Mixed Ownership Reform on the Performance of State-owned Enterprises. Academic Journal of Engineering and Technology Science (2021) Vol. 4, Issue 2: 34-37. https://doi.org/10.25236/AJETS.2021.040205.

References

[1] Boycko M., A. Shleifer, and R. W. Vishny(1996). Theory of Privatization. Economic Journal, vol.16, no.4, p. 309-319.

[2] Schwartz-Ziv M.and M. S. Weisbach(2013). What Do Boards Really Do? Evidence From Minutes of Board Meetings. Journal of Financial Economics, vol.12, no.4, p.186-189. 

[3] Guy S. L., John B. and Pei S.(2015).The Performance Impact of Firm Ownership Transformation in China:Mixed Ownership vs fully Privatised Ownership. Journal of Chinese Economic and Business Studies,vol.13, no.1, p.197-216. 

[4] Bebchuk L. and J. Fried(2003).Executive Compensation as an Agency Problem. Journal of Economic Perspectives, vol.19, no.2, p.71-92. 

[5] Rajan R.(2006). Are Perks Purely Managerial Excess. Journal of Financial Economics, vol.57, no.1, p.1-33. 

[6] Bloch, F., and Hege, U.(2013). Multiple Shareholders and Control Contests. Ssrn Electronic Journal, vol.14, no.5, p.721-73.