Purpose - This study examines the impact of China’s mixed-ownership reform on the innovation of non-state-owned acquirers, with a particular focus on the impact on firms with high financing constraints, low-quality accounting information or less tangible assets. Design/methodology/approach -...

We study the impact of transportation infrastructure construction on the degree of mixed-ownership reform of local state-owned enterprises. We find that the opening of high-speed rail can significantly promote the mixed ownership reform process of local state-owned enterprises. Mechanism testing...

Swiss Economics hat zusammen mit Arioli Law die Eignerstrategie Swisscom des Bundes evaluiert. Wir sind u.a. zum Schluss gekommen, dass heute weder für die Sicherstellung der Grundversorgung noch für den Ausbau des Hochbreitbandnetzes ein hinreichend starkes öffentliches Interesse an einer...

Non-performing loans(NPLs) of commercial banks hamper the development of Chinese banking sector for long. The state-owned shareholdings representing the willingness of government intervention are taken as the driven factor for the high NPL ratio of commercial banks. In the process of deepening...

This paper develops a formula to numerically estimate the unsubsidized, fair-market value of the toxic assets purchased with Federal Reserve loans. It finds that subsidy rates on these loans were on average 33.9 percent at origination. In contrast, by the 3rd quarter of the 2010, there was on...

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...

Chapter 1: Introduction -- Chapter 2: Conventional State Asset Management -- Chapter 3: New Types of State Capital Management -- Chapter 4: The Temasek Model in Singapore -- Chapter 5: Corporate Governance under Mixed Ownership -- Chapter 6: The Brazilian Model -- Chapter 7: Conclusion.

In October 2008, in the midst of the Global Financial Crisis (2007–09), the Greek government announced a €28 billion ($36 billion) government package. Greek Law 3723/2008, “Enhancement of Liquidity in the Economy in Response to the Impact of the International Financial Crisis,” was...

The insolvency of Lehman Brothers in September 2008 and the subsequent global liquidity crisis spurred the German state to pass the Financial Market Stabilization Fund Act (Finanzmarktstabilisierungsfondsgesetz, “FMStFG”) establishing the Federal Agency for Financial Market Supervision...

Following a large-scale deregulation of the financial sector during the 1980s and subsequent massive credit expansion, a banking crisis in Finland caused a sharp contraction in the economy in the early 1990s. To prevent the collapse of the banking system, the government offered FIM 8 billion in...

"This book explores how, when, and why states nationalize their natural resources. Focusing on Indonesia, Eve Warburton shows that the Indonesian government took an increasingly nationalist approach to foreign ownership in its resource sectors, particularly after the global commodity boom of the...

This Article provides an early assessment of the impact on corporate governance of the most recent wave of SOE reform announced by the CCP in 2013, officially known as the mixed-ownership reform (MOR). It offers a comprehensive and detailed account of the background, policy and regulatory...

Die Corona-Pandemie hat die Gesellschaft vor große Herausforderungen gestellt, in denen der Staat eine zentrale Rolle zu ihrer Meisterung einnehmen musste. Während staatliche Maßnahmen in einer externen Krise wie der gegenwärtigen Pandemie notwendig sind, können jedoch insbesondere in der...

We examine the impact of mixed ownership on the performance of venture capital (VC) firms in China. We use successful/unsuccessful exits from VC-financed entrepreneurial companies and number of patent applications by VC-financed companies as proxies for VC firms’ performance. Consistent with...

"This book explores how the EU free movement of capital provisions can be interpreted in order to allow certain forms of State participation in the market for the purposes of protecting public interest objectives in the context of privatisations and golden shares"--