Is state-owned enterprise merging private enterprise “market choice” or “space crowding” ? —Based on the motives of equity transfer of mixed-ownership enterprises

Mei-sheng, Dong; Guo, Hong; Hussain, Rana Yassir; Tajeddini, Kayhan

doi:10.1016/j.heliyon.2023.e19014

Heliyon

2023

DOI: 10.1016/j.heliyon.2023.e19014

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Is state-owned enterprise merging private enterprise “market choice” or “space crowding” ? —Based on the motives of equity transfer of mixed-ownership enterprises

Dong Mei-sheng

Hong Guo

Rana Yassir Hussain

et al.

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2024

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Cited by 2 publications

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State‐owned equity participation and corporate green innovation: evidence from Chinese private enterprises

Deng,

Zhang,

Wang

et al. 2024

Asian-Pac Economic Lit

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This study examines the influence of state‐owned equity participation on green innovation in private enterprises. Using the data of China's A‐share private listed companies between 2009 and 2021, the paper finds that state‐owned equity participation has a positive impact on corporate green innovation and this finding remains consistent and dependable after conducting a series of robustness tests. In addition, this paper also uncovers that the impact of state‐owned equity participation on corporate green innovation differed across regions, industries, and external corporate governance. The results show that the incentive impact of state‐owned equity participation on green innovation is more pronounced in private enterprises with higher levels of intellectual property protection in the region where they are located, belonging to high‐tech industries and with higher media attention. Further mechanism analysis reveals that state‐owned equity participation enhances corporate green innovation by improving the fulfilment of corporate environmental responsibility and alleviating corporate financing constraints. Overall, this study enriches the research of green innovation influencing factors from the perspective of minority state‐owned equity and can help to inspire governments to make full use of state‐owned equity to promote the green transformation of private enterprises, thus contributing to the sustainable development of the global economy.

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State‐owned equity participation and corporate green innovation: evidence from Chinese private enterprises

Deng,

Zhang,

Wang

et al. 2024

Asian-Pac Economic Lit

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Firm Attributes and Government External Debt as Determinants of Corporate Short Debt Maturity in a Post-CPEC Scenario

Hussain,

Xuezhou,

Hussain

et al. 2024

Zagreb International Review of Economics and Business

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The current study investigates the influence of firm attributes and government external debt upon the short debt maturity of non-financial firms listed at the Pakistan Stock Exchange (PSX) in a post-CPEC (China Pakistan Economic Corridor) scenario. By using firm-level panel data, estimations are made through the random effect model with robust standard errors at the level and with lagged independent variables. We dealt endogeneity concerns by employing the system-GMM approach to the complete data sample of 331 firms over a period ranging from 2013 to 2017 and also the post CPEC period ranging from 2015 to 2017. The risk and asset tangibility are strong negative predictors of short debt maturity in Pakistani listed firms. The external debt had a positive and significant role in defining short debt maturity. These results were consistent for both the entire data period and the post CPEC period.

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Is state-owned enterprise merging private enterprise “market choice” or “space crowding” ? —Based on the motives of equity transfer of mixed-ownership enterprises

Cited by 2 publications

References 46 publications

State‐owned equity participation and corporate green innovation: evidence from Chinese private enterprises

State‐owned equity participation and corporate green innovation: evidence from Chinese private enterprises

Firm Attributes and Government External Debt as Determinants of Corporate Short Debt Maturity in a Post-CPEC Scenario

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