Wang, Yulan; Dou, Xiaochen; Liu, Zhiyi - In: China journal of accounting studies 10 (2022) 2, pp. 174-202
Based on data of state-owned enterprises listed on the Shanghai and Shenzhen Stock Exchange from 2007 to 2018, this study examines how mixed-ownership reform affects the deleveraging behaviour of state-owned enterprises (hereafter, SOEs). We find that the higher the degree of equity balance...
