Do state-owned participation shareholders improve the environmental governance level of private enterprises? Evidence from Chinese listed firms
In recent years, whether the mixed-ownership reform system of introducing state-owned participation shareholders into private enterprises helps to improve the environmental governance of private enterprises has been a matter of much attention and discussion. Based on data from 2007 to 2019 for Chine...
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2023-01-01
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| Series: | Frontiers in Environmental Science |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fenvs.2023.1053200/full |
| _version_ | 1797955327037014016 |
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| author | Ling Zou Jiejing Ma Jiejing Ma |
| author_facet | Ling Zou Jiejing Ma Jiejing Ma |
| author_sort | Ling Zou |
| collection | DOAJ |
| description | In recent years, whether the mixed-ownership reform system of introducing state-owned participation shareholders into private enterprises helps to improve the environmental governance of private enterprises has been a matter of much attention and discussion. Based on data from 2007 to 2019 for Chinese A-share privately listed companies, this paper examines how the state-owned participation shareholders affect the environmental governance level of private enterprises. The results show that state-owned participating shareholder participation can improve the environmental governance level of private enterprises, and this phenomenon is more significant among industrial enterprises and enterprises in regions with a higher degree of marketization. Furthermore, there is a substitution effect between the state-owned participation shareholders, the executive team’s participation in politics, and the Party organization establishment in improving the environmental governance level of private enterprises, and the state-owned participation shareholders play a relatively larger role. In addition, the supervision effect is better when state-owned participation shareholders are from the local area and have a higher level of participation. |
| first_indexed | 2024-04-10T23:32:26Z |
| format | Article |
| id | doaj.art-07d0af859fe941a5bbc2ce84b5af8050 |
| institution | Directory Open Access Journal |
| issn | 2296-665X |
| language | English |
| last_indexed | 2024-04-10T23:32:26Z |
| publishDate | 2023-01-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Environmental Science |
| spelling | doaj.art-07d0af859fe941a5bbc2ce84b5af80502023-01-12T04:44:33ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2023-01-011110.3389/fenvs.2023.10532001053200Do state-owned participation shareholders improve the environmental governance level of private enterprises? Evidence from Chinese listed firmsLing Zou0Jiejing Ma1Jiejing Ma2School of Accounting, Jiangxi University of Finance and Economics, Nanchang, Jiangxi, ChinaSchool of Accounting, Jiangxi University of Finance and Economics, Nanchang, Jiangxi, ChinaSchool of Business, Jishou University, Jishou, Hunan, ChinaIn recent years, whether the mixed-ownership reform system of introducing state-owned participation shareholders into private enterprises helps to improve the environmental governance of private enterprises has been a matter of much attention and discussion. Based on data from 2007 to 2019 for Chinese A-share privately listed companies, this paper examines how the state-owned participation shareholders affect the environmental governance level of private enterprises. The results show that state-owned participating shareholder participation can improve the environmental governance level of private enterprises, and this phenomenon is more significant among industrial enterprises and enterprises in regions with a higher degree of marketization. Furthermore, there is a substitution effect between the state-owned participation shareholders, the executive team’s participation in politics, and the Party organization establishment in improving the environmental governance level of private enterprises, and the state-owned participation shareholders play a relatively larger role. In addition, the supervision effect is better when state-owned participation shareholders are from the local area and have a higher level of participation.https://www.frontiersin.org/articles/10.3389/fenvs.2023.1053200/fullstate-owned participation shareholdersmixed-ownership reformprivate enterprisesenvironmental governance levelindustrial enterprisesmarketization degree |
| spellingShingle | Ling Zou Jiejing Ma Jiejing Ma Do state-owned participation shareholders improve the environmental governance level of private enterprises? Evidence from Chinese listed firms Frontiers in Environmental Science state-owned participation shareholders mixed-ownership reform private enterprises environmental governance level industrial enterprises marketization degree |
| title | Do state-owned participation shareholders improve the environmental governance level of private enterprises? Evidence from Chinese listed firms |
| title_full | Do state-owned participation shareholders improve the environmental governance level of private enterprises? Evidence from Chinese listed firms |
| title_fullStr | Do state-owned participation shareholders improve the environmental governance level of private enterprises? Evidence from Chinese listed firms |
| title_full_unstemmed | Do state-owned participation shareholders improve the environmental governance level of private enterprises? Evidence from Chinese listed firms |
| title_short | Do state-owned participation shareholders improve the environmental governance level of private enterprises? Evidence from Chinese listed firms |
| title_sort | do state owned participation shareholders improve the environmental governance level of private enterprises evidence from chinese listed firms |
| topic | state-owned participation shareholders mixed-ownership reform private enterprises environmental governance level industrial enterprises marketization degree |
| url | https://www.frontiersin.org/articles/10.3389/fenvs.2023.1053200/full |
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