IDEAS home Printed from https://ideas.repec.org/a/mes/emfitr/v60y2024i12p2805-2826.html
   My bibliography  Save this article

The Power of Voice: Non-State Shareholders and the Labor Redundancy of SOEs

Author

Listed:
  • Degan Yu
  • Xinxiao Ma
  • Yue Xu
  • Tongdan Tang

Abstract

This paper investigates the impact of non-state-shareholders on the labor redundancy of state-owned enterprises (SOEs). We find that the participation of non-state shareholders helps to reduce the labor redundancy in SOEs. Specifically, non-state shareholders cannot reduce the labor redundancy in SOEs only with holding shares, while they can effectively mitigate the labor redundancy problem by appointing directors to the board. Furthermore, we find that non-state shareholders play a greater role in reducing the labor redundancy for highly labor-intensive SOEs and firms with strong government intervention. Finally, we document that non-state-shareholders help improve the operational and financial performance of SOEs.

Suggested Citation

  • Degan Yu & Xinxiao Ma & Yue Xu & Tongdan Tang, 2024. "The Power of Voice: Non-State Shareholders and the Labor Redundancy of SOEs," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 60(12), pages 2805-2826, September.
    • Handle: RePEc:mes:emfitr:v:60:y:2024:i:12:p:2805-2826
    DOI: 10.1080/1540496X.2024.2330450
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1540496X.2024.2330450
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1540496X.2024.2330450?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.

    More about this item

    Statistics

    Access and download statistics

    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:mes:emfitr:v:60:y:2024:i:12:p:2805-2826. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MREE20 .

    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.