容错纠错机制能否提高中国国有企业的绩效？

IF 7.5 1区经济学 Q1 BUSINESS, FINANCE

International Review of Financial Analysis Pub Date : 2024-10-09 DOI:10.1016/j.irfa.2024.103656

Yuan Li , Yuyao Yi , Xiaofan Li , Yunqing Tao

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引用次数: 0

摘要

本研究探讨了容错纠错机制（ETCM）对国有企业绩效的影响。我们进行了差分（DID）估计，发现该政策的实施显著提高了国有企业的绩效。机制分析表明，ETCM 可以增强国有企业的创新能力并改善其内部治理。异质性分析表明，我们的结果在企业管理水平较低、管理者风险偏好较低、外部市场竞争较激烈、非工业企业和东部地区的国有企业中更为明显。我们还发现，ETCM 提高了国有企业的全要素生产率（TFP）。总之，本研究为深化国有企业改革提供了 ETCM 的视角和证据。

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Do error-tolerance and correction mechanisms enhance the performance of state-owned enterprises in China?

This study investigates the impact of error-tolerance and correction mechanisms (ETCM) on the performance of state-owned enterprises (SOEs). We conduct difference-in-differences (DID) estimations and find that the implementation of this policy significantly improves SOEs' performance. Mechanism analysis shows that the ETCM can strengthen the innovation capacity and improve internal governance of SOEs. Heterogeneity analysis shows that our results are more pronounced in SOEs with lower levels of corporate management, lower risk preferences of managers, higher intense external market competition, non-Industrial corporate and eastern regions. We also find that the ETCM improves SOEs' total factor productivity (TFP). Overall, this study provides perspectives and evidence from ETCM for deepening the reform of SOEs.

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来源期刊

International Review of Financial Analysis BUSINESS, FINANCE-

CiteScore

10.30

自引率

9.80%

发文量

366

期刊介绍： The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.