Xie, Deren; Shi, Xuezhi; Liu, Jinsong; Zhu, Ziyang - In: China journal of accounting research : CJAR 16 (2023) 3, pp. 1-26
This paper investigates the free cash flow productivity of SOEs compared with non-SOEs and examines its possible determinants. We find that SOEs have slightly weak free cash flow productivity but significantly stronger than non-SOEs. Similar performance exists among commercial class I and II...
