Using data on Chinese listed companies for 2008-2018, we find that firms participating in overseas operations, proxied by overseas subsidiaries, generally have higher financial asset allocations than other firms. At the micro level, the effects are more pronounced when the parent company faces...

Purpose - This paper investigates how past performance changes, prior CEO replacements and changes in the chairperson impact CEO turnover in public and large private businesses. Design/methodology/approach - We analyze 1,679 CEO replacements documented in a sample of 1,493 Spanish public and...

A key to understand the evolution of an economy is the property rights institution and the contracting institution that the government set up to shape the business environment of private firms. Focusing on China during its crucial two decades of transition (from the early 1990s to the early...

Based on Chinese industrial firms' data, this study found that state capital injection weakened the technological progress and management efficiency of private firms, which led to a reduction in enterprises' total factor productivity. State capital injection also increased the labor cost and...

A void in the literature on the business environment is how it evolves over time. Focusing on China during its crucial two decades of transition (from the early 1990s to the early 2010s), this paper documents how the country's business environment and the characteristics of entrepreneurs...

Blockchain technology (BT) can potentially enhance transparency, efficiency, and trust across all domains. However, it remains unclear how the relative adoption of BT between the private and public sectors compares in light of existing studies. This article contributes to the literature by...

Purpose - The study examines the impacts of debt financing on infrastructure development, investment, creation of new business entities, subsidies to private sector and GDP growth. Design/methodology/approach - The methodology is based on five simultaneous equations which have been estimated...

Technological innovation of private enterprises is an important condition for promoting high-quality development of China's economy. This paper matches the regional business environment data with the data of A-share private listed companies from 2017 to 2020 to study the impact of business...

Based on data from Chinese A-share listed companies from 2008-2018, an investigation is carried out upon the impact of mixed ownership reforms and relative control transfers on corporate innovation before and after the occurrence of mixed ownership reforms, and relative control transfers in...

Background The literature on care coordination refers to high service costs, low quality, and consumer dissatisfac- tion, as the consequences of institutional fragmentation and uncoordinated care. Objectives In this work we are concerned with the role financial incentives (reimbursement schemes)...