Free cash flow productivity among Chinese listed companies: A comparative study of SOEs and non-SOEs

This paper investigates the free cash flow productivity of SOEs compared with non-SOEs and examines its possible determinants. We find that SOEs have slightly weak free cash flow productivity but significantly stronger than non-SOEs. Similar performance exists among commercial class I and II SOEs an...

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Bibliographic Details

Published in:	China Journal of Accounting Research
Main Authors:	Deren Xie, Xuezhi Shi, Jinsong Liu, Ziyang Zhu
Format:	Article
Language:	English
Published:	Elsevier 2023-09-01
Subjects:	Free cash flow productivity State-owned enterprises Non-state-owned enterprises SOE classification reform
Online Access:	http://www.sciencedirect.com/science/article/pii/S1755309123000254