Thresholds in natural resource rents and state owned enterprise profitability: Cross country evidence

Lim, King Yoong; Morris, Diego

doi:10.1016/j.eneco.2021.105779

Cited by 13 publications

(6 citation statements)

References 26 publications

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“…We further divide the sample into state-owned (R4) and non-state owned (R5) to test whether the ownership of enterprises buffers or intensifies the impact of water risk. Some scholars believe that state-owned enterprises can strengthen their profitability through natural resources rent [ 86 ]. However, other scholars hold the opposite opinions, in that as state-owned enterprises function as an instrument to enforce government policies, they may underperform in financial outcomes to reach non-commercial goals [ 87 , 88 ].…”

Section: Resultsmentioning

confidence: 99%

Does Water Matter? The Impact of Water Vulnerability on Corporate Financial Performance

Zheng

Wang

et al. 2022

IJERPH

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This study aims to understand the potential relationship between water vulnerability and corporate financial performance for listed companies in China. Studies have argued that water risk has begun to affect the sustainability of firms, but few studies have included water conditions in the research framework to examine whether and how water conditions have a direct impact on firms. In addition, studies on environment governance have emphasized the impact of government environmental regulation on firms. This study focuses on both regulation and government investments that have been previously neglected. Using a sample of Chinese listed companies from 2016 to 2020, this paper uses pooled cross-sectional regressions with year and industry fixed effects to examine the effects of water vulnerability on corporate financial performance and analyze the mechanism of government water governance (which can be divided into water regulation and water investment) on the relationship between water vulnerability and corporate financial performance. This study finds that water vulnerability could negatively impact corporate financial performance, and water regulation can intensify but water investment couldn’t significantly relieve the negative impact. The relationships above differ between SOEs and non-SOEs and water-intensive and non-water-intensive industries.

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Section: Resultsmentioning

confidence: 99%

Does Water Matter? The Impact of Water Vulnerability on Corporate Financial Performance

Zheng

Wang

et al. 2022

IJERPH

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“…Firm size is measured by the number of employees. Due to the stronger connection with local government, SOEs tend to achieve better economic performances than non-SOEs in resource-intensive industries [ 40 ]. Ownership is characterized by the type of registration.…”

Section: Methodsmentioning

confidence: 99%

The Impact of Environmental Regulation on Firm Performance: Evidence from the Pulp and Paper Industry in China

Jiang

2023

IJERPH

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In areas with serious pollution problems, the government designates a special emission limit (SEL) for pollution control and environmental protection in China. This paper examines the effects of chemical oxygen demand (COD) SEL on firms’ production activity and market performance in the pulp and paper industry in the Lake Tai area in China. Using firm-level data, we employ a difference-in-differences strategy and find that SEL has a negative impact on the production scale, profitability, and market size of the regulated firms, while showing no significant impact on firm exports. The heterogeneity tests suggest that the impact of SEL on production and market performance varies with firm ownership, firm size, and target market. The reallocation effect of production shifts extra production from exited firms to existing firms, which explains the expansion of production scale and market size for SOEs and large-sized regulated firms. Compared with the decline of production scale, the inventory alleviation effect reduces the negative impact of stricter environmental regulation on firm performance.

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“…Вопрос существования абсолютной горной ренты прак тически не рассматривается в экономической литературе, поскольку отношения недропользования несколько отли чаются от других форм рентных отношений. Главное отли чие кроется в том, что собственником природных ресур сов является не частник, а государство [11,12,13]. В систе ме частной собственности абсолютная рента обеспечива ет механизм закрепления и воспроизводства сложивших ся отношений присвоения природных благ.…”

Section: заключениеunclassified

On the Issue of the Absolute Mining Rent. Part 2

Kuzmina,

Konovalova,

Zhironkin

2024

Ugol'

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МАй, 2024, "УГОЛЬ" SUBSOIL USE • НЕДРАСтатья является продолжением статьи «К вопросу существования абсолютной горной ренты. Часть 1», в которой осуществлен анализ трудов представителей классической политической экономии и российских авторов, опирающихся в своих изысканиях на идеи марксизма, посвященных проблеме существования абсолютной горной ренты. В данной части работы внимание акцентировано на изучении мнения ученых неоклассической школы экономической мысли о проблеме развития рентных отношений в горной промышленности. Обосновывая существование абсолютной горной ренты, авторы определяют не только границы бытия этого рентного дохода, но и его размеры.

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Thresholds in natural resource rents and state owned enterprise profitability: Cross country evidence

Cited by 13 publications

References 26 publications

Does Water Matter? The Impact of Water Vulnerability on Corporate Financial Performance

Does Water Matter? The Impact of Water Vulnerability on Corporate Financial Performance

The Impact of Environmental Regulation on Firm Performance: Evidence from the Pulp and Paper Industry in China

On the Issue of the Absolute Mining Rent. Part 2

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