Archives
Current issue
About
About us
Aims and Scope
Abstracting and Indexing
Editorial Office
Open Access Policy
Publication Ethics
Journal History
Publisher
Follow us: Twitter
Contact
For Authors
Editorial Policy
Peer Review Policy
Manuscript Preparation Guidelines
Copyright & Licencing
Publication Fees
Fee Waiver Policy for Doctoral Students
EJMSTE Language Editing Service
More
Statistics
Special Issues
Special Issue Announcements
Published Special Issues
Game Analysis of Benefit Relationship between State and Enterprises from the Perspective of National Participation in Profit of SOEs
1
Minjiang University, CHINA
Online publication date: 2017-08-22
Publication date: 2017-08-22
Corresponding author
Xiao-Ling Zheng
School of Economics and Management, The research Center of Haixi Fiscal and Financial Development, Minjiang University, Fuzhou, Fujian 350108, China. Address to No. 200, Xi yuan-gong Rd. Shangjie Town, Minhou County, Fuzhou City 350108, Fujian Province, China. Tel: +86-3599062993
School of Economics and Management, The research Center of Haixi Fiscal and Financial Development, Minjiang University, Fuzhou, Fujian 350108, China. Address to No. 200, Xi yuan-gong Rd. Shangjie Town, Minhou County, Fuzhou City 350108, Fujian Province, China. Tel: +86-3599062993
EURASIA J. Math., Sci Tech. Ed 2017;13(8):5793-5803
KEYWORDS
ABSTRACT
Should SOEs pay a cost price for the unique advantages of the monopoly position they have and the tilting of financial policies? When it comes to national participation in profit, the benefit game relation between the state and enterprises will pose an impact on dividend benefit of nationals and sustainable development of enterprises. Since reform and opening up of China, the SOE dividend distribution has gone through several reforms. The current profit delivering ratio is lower than 30%. Depending on the nature, period and industry, the different choice regarding dividend distribution made by the state and SOEs will pose an impact on performance of the transaction cost and operation efficiency of the enterprise. Therefore, the enterprise dividend should be collected according to their categories reasonably, and the budget index should be refined to find a way to return the benefits to nationals.
REFERENCES (23)
1.
Chen, H., & Shi, L. (2007). Thinking on Dividend Distribution System of SOEs. Finance and Accounting, 21, 43-44.
2.
Cull, R., Xu, L. C. (2005). Institutions, ownership, and finance: the determinants of profit reinvestment among Chinese firms. Journal of Financial Economics, 77(1), 117-146. doi:10.1016/j.jfineco.2004.05.010.
3.
Chen, G., Firth, M., & Xu, L. (2009). Does the type of ownership control matter? Evidence from China's listed companies. Journal of Banking & Finance, 33(1), 171-181. doi:10.1016/j.jbankfin.2007.12.023.
4.
Dewenter, K. L., & Malatesta, P. H. (2001). State-owned and privately owned firms: An empirical analysis of profitability, leverage, and labor intensity. American Economic Review, 91(1), 320-334. doi:10.1257/aer.91.1.320.
5.
Garde Sanchez, R., Rodriguez, B., Manuel, P., & Hernandez, A. M. L. (2017). Corporate and managerial characteristics as drivers of social responsibility disclosure by state-owned enterprises. Review of Managerial Science, 11(3), 633-659. doi:10.1007/s11846-016-0199-7.
6.
Estrin, S., Meyer, K. E., Nielsen, Bo, B., & Nielsen, S. (2016). Home country institutions and the internationalization of state owned enterprises: A cross-country analysis. Journal of World Business, 51(2), 294-307. doi:10.1016/j.jwb.2015.11.002.
7.
Jiao, J., Liu, Y.-G., & Zhang, C. (2014). The Dividend of State Owned Corporations, Overinvestment and the Performance of the Corporations---Based on the Panel Data of Shanghai and Shenzhen State Owned Listed Companies. Research on Economics and Management, 4, 104-112.
8.
Johansson, A. C., & Feng, X. (2016). The state advances, the private sector retreats? Firm effects of China's great stimulus programme. Cambridge Journal of Economics, 40(6), 1635-1668. doi:10.1093/cje/bev075.
9.
Li, X.-L. (2013). Theoretical Thinking on State-owned Capital Gains – From the Perspective of Benefit Distribution Relation between the State and SOEs. Review of Economic Research, 69, 48-52.
10.
Peng, M. W., Tan, J., & Tong, T. W. (2004). Ownership types and strategic groups in an emerging economy. Journal of Management Studies, 41(7), 1105-1129. doi:10.1111/j.1467-6486.2004.00468.x.
11.
Poczter, S. (2017). Can monitoring improve the performance of state-owned firms? Evidence from privatization in a large emerging market. Industrial and Corporate Change, 25(6), 903-921. doi:10.1093/icc/dtv056.
12.
Peng, M. W., Bruton, G. D., Stan, C. V., & Huang, Y. (2016). Theories of the (state-owned) firm. Asia Pacific Journal of Management, 33(2), 293-317. doi:10.1007/s10490-016-9462-3.
13.
Rudy, B. C., Miller, S. R., & Wang, D. (2016). Revisiting FDI Strategies and the Flow of Firm-Specific Advantages: A Focus on State-Owned Enterprises. Global Strategy Journal, 6(1), 69-78. doi:10.1002/gsj.1106.
14.
Wang, Q., Wong, T. J., & Xia, L. (2008). State ownership, the institutional environment, and auditor choice: Evidence from China. Journal of Accounting & Economics, 46(1), 112-134. doi:10.1016/j.jacceco.2008.04.001.
15.
Wang, Y., Jin, P., & Yang, C. (2016). Relations between the professional backgrounds of independent directors in state-owned enterprises and corporate performance. International Review of Economics &Finance, 42, 404-411. doi:10.1016/j.iref.2015.10.011.
16.
Wen, Z.-Y. (2010). Reform of State-owned Capital Operation Budget Management Expected to Go Further. Capital Shanghai, 12, 56-57.
17.
Wu, G.-J. (2007). International Comparison and Reference of Theory and Practice of National Participation in Profits. Entrepreneur World, 12, 80-81.
18.
Yang, H.-M. (2009). Dividend Distribution of SOEs, Sustainable Growth and Company Performance. Finance & Trade Economics, 30(6), 23-28.
19.
Zheng, X.-L. (2010). An Analysis of the Game between Central and Local Governments in Distribution of Proceeds from State-owned Assets: from the Perspective of Classified State-owned Assets. Contemporary Finance & Economic, 303(2), 37-42.
20.
Zheng, X.-L. (2017). Analysis of China Technical Education Fund Investment between Governments on Two Levels from Perspective of Dividend Distribution of State-owned Capital Gains. EURASIA Journal of Mathematics Science and Technology Education, 13(7), 4319-4331. doi:10.12973/eurasia.2017.00861a.
21.
Zhou, F., Fan, Y., An, Y., & Zhong, L. (2017). Independent directors, non-controlling directors, and executive pay-for-performance sensitivity: Evidence from Chinese non-state owned enterprises. Pacific-Basin Finance Journal, 43, 55-71, doi:10.1016/j.pacfin.2017.02.003.
22.
Zhu, H., & Yoshikawa, T. (2016). Contingent value of director identification: The role of government directors in monitoring and resource provision in an emerging economy. Strategic Management Journal, 37(8), 1787-1807. doi:10.1002/smj.2408.
23.
Zhu, Q.-H., Liu, J.-J., & Jai, K.-H. (2016). Corporate social responsibility practices and performance improvement among Chinese national state-owned enterprises. International Journal of production economics, 171, 417-426. doi:10.1016/j.ijpe.2015.08.005.
| eISSN: | 1305-8223 |
| ISSN: | 1305-8215 |
We process personal data collected when visiting the website. The function of obtaining information about users and their behavior is carried out by voluntarily entered information in forms and saving cookies in end devices. Data, including cookies, are used to provide services, improve the user experience and to analyze the traffic in accordance with the Privacy policy. Data are also collected and processed by Google Analytics tool (more).
You can change cookies settings in your browser. Restricted use of cookies in the browser configuration may affect some functionalities of the website.
You can change cookies settings in your browser. Restricted use of cookies in the browser configuration may affect some functionalities of the website.
