Yang, Weiwei; Wang, He; Huobao, Xie - In: Journal of Applied Economics 26 (2023) 1, pp. 1-20
in the Chinese A-share market, this paper attempts to investigate the relationship between financial deleveraging and … privatization of local SOEs. We find that privatization of the Chinese local SOEs increases significantly during financial … deleveraging, and this effect is more pronounced among SOEs with less tax contribution, fewer employees and that cause greater …
