IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v59y2024ics1544612323011479.html
   My bibliography  Save this article

Does the performance of financial policy improve the total factor productivity in the competition?——Empirical evidence from Chinese listed companies

Author

Listed:
  • WU, Haotian
  • Mi, Jun
  • Zhang, Chengming

Abstract

China's state-owned enterprises have obvious advantages in financing due to factors such as administrative industry monopoly and government subsidy bias, resulting in a significant imbalance between state-owned enterprises and private enterprises in the allocation of social capital in China. This study focused on the impact of resource allocation in the financial field on the total factor productivity of enterprises, and conducted an empirical analysis with the 2020 novel coronavirus outbreak as the critical public health event, and found that the competitive neutrality of financial policy had a significant positive effect on improving the total factor productivity of Chinese enterprises.

Suggested Citation

  • WU, Haotian & Mi, Jun & Zhang, Chengming, 2024. "Does the performance of financial policy improve the total factor productivity in the competition?——Empirical evidence from Chinese listed companies," Finance Research Letters, Elsevier, vol. 59(C).
    • Handle: RePEc:eee:finlet:v:59:y:2024:i:c:s1544612323011479
    DOI: 10.1016/j.frl.2023.104775
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612323011479
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2023.104775?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Svetlana Balashova & Apostolos Serletis, 2021. "Oil Price Uncertainty, Globalization, and Total Factor Productivity: Evidence from the European Union," Energies, MDPI, vol. 14(12), pages 1-11, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Liangfeng Hao & Biyi Deng & Haobo Zhang, 2024. "Enabling Green Innovation Quality through Green Finance Credit Allocation: Evidence from Chinese Firms," Sustainability, MDPI, vol. 16(17), pages 1-21, August.
    2. Zhang, Ruifeng & Zhao, Lishuang & Song, Shuhong, 2024. "Does capital input contribute to green total-factor capital efficiency?," Finance Research Letters, Elsevier, vol. 62(PB).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Leonid Sorokin & Svetlana Balashova & Konstantin Gomonov & Ksenia Belyaeva, 2023. "Exploring the Relationship between Crude Oil Prices and Renewable Energy Production: Evidence from the USA," Energies, MDPI, vol. 16(11), pages 1-24, May.
    2. Dąbrowski, Marek A. & Papież, Monika & Rubaszek, Michał & Śmiech, Sławomir, 2022. "The role of economic development for the effect of oil market shocks on oil-exporting countries. Evidence from the interacted panel VAR model," Energy Economics, Elsevier, vol. 110(C).
    3. Periklis Gogas & Theophilos Papadimitriou, 2022. "Emerging Trends in Energy Economics," Energies, MDPI, vol. 15(14), pages 1-2, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:59:y:2024:i:c:s1544612323011479. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.