AI Article Synopsis
- The way a company's ownership is set up affects how well it uses its resources, which is important for making a strong economy.
- Our research looked at businesses in China and found that the best mix of state (government) and non-state (private) owners happens when private ownership is between 10% and 20%.
- This study can help improve how companies share ownership and can also help other countries, especially those still developing, with their own economic changes.
Article Abstract
An enterprise's ownership structure is crucial for factor allocation efficiency. We used Chinese firm-level data to investigate whether changes in state-owned enterprise ownership structure contribute to resource misallocation, leading to high-quality economic development. We found a U-shaped relationship between non-state shareholding and state-owned enterprises' resource allocation efficiency. An optimal range exists for non-state shareholding. When the shareholding of non-state shareholders reaches 10%-20%, the efficiency of resource allocation is at its highest. Additional research has revealed that mixed shareholding has varying impacts on resource allocation, displaying substantial heterogeneity. These insights offer valuable guidance for future mixed-ownership reforms and serve as a practical reference for economic reforms in other nations, particularly developing countries.
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Source |
|---|---|
| http://www.ncbi.nlm.nih.gov/pmc/articles/PMC11020703 | PMC |
| http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0301034 | PLOS |
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