Access to finance: How does state share participation reduce management costs in private firms?

This paper investigates the effect of state capital participation on management cost in private firms, based on data from China’s A-share listed companies for the period 2007–2023. The results suggest that the presence of state shareholding contributes to reduced management cost. Mechanism analysis...

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Bibliographic Details

Published in:	International Review of Economics & Finance
Main Author:	Chen Chen
Format:	Article
Language:	English
Published:	Elsevier 2025-12-01
Subjects:	State capital participation Management costs Financial constraint Private firm
Online Access:	http://www.sciencedirect.com/science/article/pii/S1059056025008627