IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v49y2017i27p2655-2668.html
   My bibliography  Save this article

Corporate governance, human capital, and productivity: evidence from Chinese non-listed firms

Author

Listed:
  • Gaowen Kong
  • Dongmin Kong

Abstract

This article analyses the effects of corporate governance (CG) and human capital on productivity by using the 1999–2006 data from the National Bureau of Statistics of China (NBSC). The findings of this study are twofold. First, CG and human capital generate significant positive effects on the productivity of both state-owned enterprises (SOEs) and non-SOEs. Second, CG has significantly different moderate and mediate effects on the relationship between human capital and productivity. Our results are robust to different specifications and alternative measures. This study provides clear policy implications by suggesting that the firms in emerging markets, especially SOEs, must improve their CG and their allocation of human capital for them to enhance their productivity.

Suggested Citation

  • Gaowen Kong & Dongmin Kong, 2017. "Corporate governance, human capital, and productivity: evidence from Chinese non-listed firms," Applied Economics, Taylor & Francis Journals, vol. 49(27), pages 2655-2668, June.
    • Handle: RePEc:taf:applec:v:49:y:2017:i:27:p:2655-2668
    DOI: 10.1080/00036846.2016.1245837
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00036846.2016.1245837
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00036846.2016.1245837?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. Jacques Mairesse & Mohamed Sassenou, 1991. "R&D Productivity: A Survey of Econometric Studies at the Firm Level," NBER Working Papers 3666, National Bureau of Economic Research, Inc.
    2. Reardon, Thomas & Kelly, Valerie A. & Crawford, Eric W. & Jayne, Thomas S. & Savadogo, Kimseyinga & Clay, Daniel C., 1996. "Determinants of Farm Productivity in Africa: A Synthesis of Four Case Studies," Food Security International Development Papers 54049, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    3. Gary S. Becker & Kevin M. Murphy & Robert Tamura, 1994. "Human Capital, Fertility, and Economic Growth," NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, Third Edition, pages 323-350, National Bureau of Economic Research, Inc.
    4. Minjia Chen & Alessandra Guariglia, 2011. "Financial constraints and firm productivity in China: do liquidity and export behavior make a difference?," Discussion Papers 11/09, University of Nottingham, GEP.
    5. Steven M. Fazzari & R. Glenn Hubbard & Bruce C. Petersen, 1988. "Financing Constraints and Corporate Investment," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 19(1), pages 141-206.
    6. Gary S. Becker, 1994. "Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, Third Edition," NBER Books, National Bureau of Economic Research, Inc, number beck94-1.
    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. Claudiu Tiberiu Albulescu & Camélia Turcu, 2022. "Productivity, financial performance, and corporate governance: evidence from Romanian R&D firms," Applied Economics, Taylor & Francis Journals, vol. 54(51), pages 5956-5975, November.
    2. Liu, Shasha & Yin, Shanshan & Yin, Chuan & Sheng, Yan, 2021. "Does the price of natural resources affect firms’ total factor productivity? Evidence from a natural experiment in China," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 37-50.
    3. Guowei Li & Zhe Luo & Muhammad Anwar & Yuqiu Lu & Xiantao Wang & Xuening Liu, 2020. "Intellectual capital and the efficiency of SMEs in the transition economy China; Do financial resources strengthen the routes?," PLOS ONE, Public Library of Science, vol. 15(7), pages 1-25, July.
    4. María Consuelo Pucheta-Martínez & Isabel Gallego-Álvarez, 2020. "Do board characteristics drive firm performance? An international perspective," Review of Managerial Science, Springer, vol. 14(6), pages 1251-1297, December.

    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. Marti Mestieri & Johanna Schauer & Robert Townsend, 2017. "Human Capital Acquisition and Occupational Choice: Implications for Economic Development," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 25, pages 151-186, April.
    2. Lechman, Ewa, 2014. "The ‘technological take-off’ and the 'critical mass'. A trial conceptualization," MPRA Paper 59506, University Library of Munich, Germany.
    3. Olatunji A. Shobande & Simplice A. Asongu, 2021. "Has Knowledge Improved Economic Growth? Evidence from Nigeria and South Africa," Working Papers 21/059, European Xtramile Centre of African Studies (EXCAS).
    4. Yasir Khan & Attiya Yasmin Javid, 2015. "The Impact of Formal and Informal Institutions on Economic Performance: A Cross-Country Analysis," PIDE-Working Papers 2015:130, Pakistan Institute of Development Economics.
    5. Lawrence J. Gomes, 2015. "Worldwide Growth Convergence in the New Millennium: An Empirical Investigation," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 3(3), pages 17-24.
    6. Andrei, Daniel & Mann, William & Moyen, Nathalie, 2019. "Why did the q theory of investment start working?," Journal of Financial Economics, Elsevier, vol. 133(2), pages 251-272.
    7. Abhijit Banerjee & Xin Meng & Tommaso Porzio & Nancy Qian, 2014. "Aggregate Fertility and Household Savings: A General Equilibrium Analysis using Micro Data," NBER Working Papers 20050, National Bureau of Economic Research, Inc.
    8. Jakub Bartak, 2017. "Does income inequality hamper human capital accumulation in OECD countries?," Managerial Economics, AGH University of Science and Technology, Faculty of Management, vol. 18(2), pages 133-145.
    9. Leonardo Becchetti & Alessandra Pelloni, 2013. "What are we learning from the life satisfaction literature?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 60(2), pages 113-155, June.
    10. John H Matthews & Frederick Boltz, 2012. "The Shifting Boundaries of Sustainability Science: Are We Doomed Yet?," PLOS Biology, Public Library of Science, vol. 10(6), pages 1-4, June.
    11. Piotr Dominiak & Ewa Lechman & Anna Okonowicz, 2015. "Fertility Rebound And Economic Growth. New Evidence For 18 Countries Over The Period 1970–2011," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 10(1), pages 91-112, March.
    12. Block, Joern H., 2012. "R&D investments in family and founder firms: An agency perspective," Journal of Business Venturing, Elsevier, vol. 27(2), pages 248-265.
    13. Diane Charlton & J. Edward Taylor, 2020. "Rural school access and the agricultural transformation," Agricultural Economics, International Association of Agricultural Economists, vol. 51(5), pages 641-654, September.
    14. Simeonova-Ganeva, Ralitsa & Panayotova, Nataliya & Ganev, Kaloyan, 2013. "Моделиране На Възвращаемостта От Образование И Реализация На Притежателите На Докторски Степени На Пазара На Труда В България [Modeling returns to education and labour market outcomes of doctoral d," MPRA Paper 48175, University Library of Munich, Germany.
    15. Polona Domadenik & Janez Prasnikar & Jan Svejnar, 2008. "How to Increase R&D in Transition Economies? Evidence from Slovenia," Review of Development Economics, Wiley Blackwell, vol. 12(1), pages 193-208, February.
    16. Anna Baranowska-Rataj & Xavier de Luna & Anneli Ivarsson, 2016. "Does the number of siblings affect health in midlife? Evidence from the Swedish Prescribed Drug Register," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 35(43), pages 1259-1302.
    17. Chen, Minjia & Guariglia, Alessandra, 2013. "Internal financial constraints and firm productivity in China: Do liquidity and export behavior make a difference?," Journal of Comparative Economics, Elsevier, vol. 41(4), pages 1123-1140.
    18. Aribah Aslam, 2020. "The hotly debate of human capital and economic growth: why institutions may matter?," Quality & Quantity: International Journal of Methodology, Springer, vol. 54(4), pages 1351-1362, August.
    19. Douch, Mustapha & Edwards, Huw & Landman, Todd & Mallick, Sushanta, 2022. "Aid effectiveness: Human rights as a conditionality measure," World Development, Elsevier, vol. 158(C).
    20. Humaira Kamal Pasha, 2021. "Education Attainment and Economic Growth of Asian Developing Countries," Working Papers hal-03230025, HAL.

    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:taf:applec:v:49:y:2017:i:27:p:2655-2668. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    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.