Arabian Journal of Business and Management Review

University of North Carolina Greensboro, Greensboro, USA

Publications

• Review Article   
  Corporate Investment Efficiency Affected by Industrial Policy
  Author(s): Chen Maryam*
  
  We look into how industrial policy affects corporate investment and investment efficiency. We investigate whether industrial policies have distinct effects on China's state-owned enterprises (SOEs) and non-state-owned enterprises (non-SOEs) by utilizing the micro-level data of A-share listed companies on the Chinese stock market from 2001 to 2020. To further illustrate the impact of industrial policy on investment efficiency, we also identify specific policy adherents. The empirical findings demonstrate that, whereas SOE investment and efficiency are unaffected, industrial policies encourage investments among non-SOEs at the expense of reducing their investment efficiency. The primary means by which industrial policy has a negative impact on investment efficiency are subsidies from the government and competition between industries. In addition, both SOE and non.. Read More»
  DOI: 10.37421/2161-5833.2022.12.463

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