Highlights. This chapter presents why World Bank Group support for state-owned enterprise (SOE) reform matters, the pattern of Bank Group engagement, and a typology of major Bank Group support interventions. It assesses the contribution of the World Bank Group''s three main institutions to enhancing development outcomes through their support ...
In April 2021, the State-owned Assets Supervision and Administration Commission (SASAC) implemented industrial policies to encourage digital transformation in state-owned enterprises (SOEs), the backbone …
When the government creates state-owned enterprises (SOEs), one of the primary purposes is to reduce its financial burden in the long run, also called financial sustainability. Nonetheless, previous research has pointed out that SOEs struggle to achieve financial sustainability due to government intervention. In this study, we examine the …
Chinese Power and the State-Owned Enterprise. Abstract China has become a leading source of outward foreign direct investment (FDI), and the Chinese state exercises a unique degree of influence over its firms. We explore the patterns of political influence over FDI using a comprehensive firm-level data set on Chinese outward FDI …
The online version of this article can be found at: DOI: 10.1177/0893318911415598. Management Communication Quarterly. Juliet Roper and Michèle Schoenberger-Orgad. State-Owned Enterprises ...
If the state-owned enterprise reform is characterized by the "decentralization of power and transfer of profits" Footnote 2 within the period from 1978 to 1986, its core purpose is to further ease the control of SOEs by the government. Either "the increase of enterprises ...
This is particularly relevant when considering the Chinese political system where officers holding higher political ranks wield dominant, or even absolute, power in decision-making. Our findings reveal that the political power differential (PPD) between a board of directors and its CEO plays a pivotal role in mitigating CEO entrenchment …
As a crucial part of China''s economy, China''s state-owned enterprises are known as the backbone of China''s economy. And unlike their privately-owned …
Since starting the reform and opening up at the end of 1978, China has grown at 9.4% annually for 40 years—a miracle in human history. The Chinese government''s focal point of reform from the very beginning has been the state-owned enterprises (SOEs). Nevertheless, the problems of SOEs are still the origin of many …
Abstract. State-owned enterprises (SOEs) are important components of the Chinese economy. Although SOEs are generally considered inefficient in operations, China''s economy, which relies heavily on SOEs, has been highly successful over the last four decades. This indicates the importance of SOEs in China''s past and future economic …
A carbon reduction demonstration project integrating solar power generation with power storage and charging recently broke ground. Jointly developed by …
1. Introduction Most of the current research surrounding state-owned enterprises (SOEs) is focused on the issues of efficiency and privatization (e.g., World Bank, 1995; Netter and Megginson, 2001, Omran, 2004, Goldeng et al., 2008) usually presents a negative ...
State-owned enterprises (SOEs) have an important role to play in achieving global climate goals, given that they produce a significant share of energy-related CO 2 emissions. SOEs are important both in terms of phasing down emissions-intensive activities in electric power and energy-intensive sectors as well as ramping up clean …
Shenzhen''s state-owned enterprises are injecting new momentum into the new energy storage industry. The Mawan Virtual Power Station real-time displays key data such as aggregated total capacity and adjustable capacity, currently at 5.5MW. Shenzhen has ...
State-owned enterprises play a significant role in the South African economy. In key sectors such as electricity, transport (air, rail, freight, and pipelines), and telecommunications, SOEs play a lead role, often defined by law, although limited competition is allowed in some sectors (i.e., telecommunications and air).
Shenzhen''s state-owned enterprises are injecting new momentum into the new energy storage industry. The Mawan Virtual Power Station real-time displays key data such as …
The state''s revenue from assets is very low (it co mprised only 1% of GDP in 2016), revenue from. profit and dividends making up on ly 0.43% of GDP, the rest being revenue from concessions. At ...
Existing literature tends to treat enterprises as a whole when measuring government intervention. However, in Chinese region-specific institutional development, ultimate control (i.e., local government) tends to control multiple enterprises. This paper considers the enterprises controlled by the same ultimate controller as a portfolio, which …
The OECD Guidelines on Corporate Governance of State-Owned Enterprises are the leading global standard for the ownership and governance of state-owned enterprises (SOEs). They give concrete guidance to help policy makers evaluate and improve the legal, regulatory and institutional framework for the ownership and …
China has become a leading source of outward foreign direct investment (FDI), and the Chinese state exercises a unique degree of influence over its firms. We explore the patterns of political influence over FDI using a comprehensive firm-level data set on Chinese outward FDI from 2000 to 2013. Using six country-level measures of affinity …
Power Construction Corporation of China (POWERCHINA) will join hands with Huawei Technologies Co., Ltd. to provide a smart storage system to support …
State-owned enterprises nationwide have come up with aggressive pumped storage plans, stepping up efforts to promote the development of power storage, which is believed to generate multi-billion dollar business opportunities.
China''s largest state-owned grid operator and power utility plans to deploy the world''s biggest battery fleet and almost quadruple its pumped hydro storage …
Personnel Power: Governing State-Owned Enterprises. June 2021. Business and Politics 23 (3):1-19. DOI: 10.1017/bap.2021.5. Authors: Wendy Leutert. Samantha A. Vortherms. To read the full-text of ...
From the perspectives of ownership dispersion degree after the entry of foreign shareholder and the foreign ownership participation level, respectively, this paper takes Chinese hybrid OFDI state-owned listed industrial companies from 2007 to 2019 as samples, using 3799 observations, to study the impact of foreign ownership on the …
The present research aims to explore the relationship between corporate social responsibility and earnings management (EM). For this study, we utilized the panel data of companies registered with the Shanghai and the Shenzhen stock exchanges. The data consists of 10years of financial data from 2010 to 2019. After a thorough …
Minister for State Owned Enterprises. Current Minister: Hon Paul Goldsmith. Description: Responsibilities include setting expectations and priorities for SOEs. Department: The Treasury provides the administrative support for this portfolio. State Owned Enterprises: The shareholding Ministers for each State-Owned Enterprise and Crown Company are ...
State-owned enterprises nationwide have come up with aggressive pumped storage plans, stepping up efforts to promote the development of power …
State-owned enterprises (SOEs) flourish in authoritarian countries, and Vladimir Putin pursued an aggressive policy of renationalizing key industries as he consolidated power. Control is a leading motivation for nationalization: SOEs can be used to pursue objectives such as industrial policy or power projection abroad that would be …
Abstract State-owned enterprises (SOEs) retain a strong presence in many economies around the world. How do governments manage these firms given their dual economic and political nature? Many states use authority over executive appointments as a key means of governing SOEs. We analyze the nature of this "personnel power" by …
The purpose of this study is to explore what configurations of dimensions corresponding to environmental, social responsibility, governance (ESG) and firm contextual factors can lead to …
State-owned enterprises are significant features of, and contributors to, the development and management of economies and communities around the globe. Their structures, the functions allocated to them, and the legitimacy of their activities, along with their privatization by divestment, are fundamental to the efficacy of government and governance.
3 · Industry estimates show that China''s power storage industry will have up to 100 million kilowatts of installed capacity by 2025, and 420 million kW installed capacity by …
State-owned enterprises nationwide have come up with aggressive pumped storage plans, stepping up efforts to promote the development of power …
Sample selection This study uses state-owned listed companies whose actual controllers in Shanghai and Shenzhen A-shares are SASACs at all levels. The research sample is from 2010 to 2018. The ...