Did state-owned enterprises do better during COVID-19? Evidence from a survey of company executives in China()

In a survey of 1,182 company executives in China, state-owned enterprises (SOEs) reported less business reductions under COVID-19. This paper examines if SOEs’ superior performance was resulted from government support rather than innate ability of coping with the pandemic. We construct a proxy for f...

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Detalles Bibliográficos
Autores principales: Wu, Howei, Xu, Bin
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9755321/
https://www.ncbi.nlm.nih.gov/pubmed/36540809
http://dx.doi.org/10.1016/j.jeconbus.2021.105991
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author Wu, Howei
Xu, Bin
author_facet Wu, Howei
Xu, Bin
author_sort Wu, Howei
collection PubMed
description In a survey of 1,182 company executives in China, state-owned enterprises (SOEs) reported less business reductions under COVID-19. This paper examines if SOEs’ superior performance was resulted from government support rather than innate ability of coping with the pandemic. We construct a proxy for firm-level government support using firm's human resources (HR) action taken during the outbreak with firm's 2019 China revenue share as an instrument for the HR action variable. After controlling for the proxy for firm-level government support as well as other observed firm characteristics, we find SOEs in the sample performing significantly worse in the pandemic period.
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spelling pubmed-97553212022-12-16 Did state-owned enterprises do better during COVID-19? Evidence from a survey of company executives in China() Wu, Howei Xu, Bin J Econ Bus Article In a survey of 1,182 company executives in China, state-owned enterprises (SOEs) reported less business reductions under COVID-19. This paper examines if SOEs’ superior performance was resulted from government support rather than innate ability of coping with the pandemic. We construct a proxy for firm-level government support using firm's human resources (HR) action taken during the outbreak with firm's 2019 China revenue share as an instrument for the HR action variable. After controlling for the proxy for firm-level government support as well as other observed firm characteristics, we find SOEs in the sample performing significantly worse in the pandemic period. Elsevier Inc. 2021 2021-01-26 /pmc/articles/PMC9755321/ /pubmed/36540809 http://dx.doi.org/10.1016/j.jeconbus.2021.105991 Text en © 2021 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Wu, Howei
Xu, Bin
Did state-owned enterprises do better during COVID-19? Evidence from a survey of company executives in China()
title Did state-owned enterprises do better during COVID-19? Evidence from a survey of company executives in China()
title_full Did state-owned enterprises do better during COVID-19? Evidence from a survey of company executives in China()
title_fullStr Did state-owned enterprises do better during COVID-19? Evidence from a survey of company executives in China()
title_full_unstemmed Did state-owned enterprises do better during COVID-19? Evidence from a survey of company executives in China()
title_short Did state-owned enterprises do better during COVID-19? Evidence from a survey of company executives in China()
title_sort did state-owned enterprises do better during covid-19? evidence from a survey of company executives in china()
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9755321/
https://www.ncbi.nlm.nih.gov/pubmed/36540809
http://dx.doi.org/10.1016/j.jeconbus.2021.105991
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