Reform of Mixed Ownership of State-owned Enterprises and Enterprise Value

DOI

10.2991/hsmet-19.2019.146How to use a DOI?

Keywords

State-owned enterprises, Mixed ownership reform, Enterprise value.

Abstract

In recent years, promoting the reform of mixed ownership of state-owned enterprises has become an important direction of deepening the reform of state-owned enterprises in China. This paper takes state-owned A-share listed companies from 2012 to 2017 as the research object, and empirically examines the impact of non-state-owned capital participation on the value of state-owned enterprises. The research finds that private equity participation significantly improves the enterprise value of state-owned enterprises. This finding proves the necessity of implementing and promoting the reform of mixed ownership in state-owned enterprises, and also provides some experience for reference.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Jiaming Zheng
PY  - 2019/07
DA  - 2019/07
TI  - Reform of Mixed Ownership of State-owned Enterprises and Enterprise Value
BT  - Proceedings of the 4th International Conference on Humanities Science, Management and Education Technology (HSMET 2019)
PB  - Atlantis Press
SP  - 783
EP  - 788
SN  - 2352-5398
UR  - https://doi.org/10.2991/hsmet-19.2019.146
DO  - 10.2991/hsmet-19.2019.146
ID  - Zheng2019/07
ER  -