The Influence of the Party Committee's Participation in Governance on the High-quality Development of State-owned Enterprises—Intermediary Effect based on Investment Efficiency

DOI

10.2991/978-94-6463-042-8_144How to use a DOI?

Keywords

State-owned enterprise; the party committee’s participation in governance; high-quality development; the efficiency of corporate investment

Abstract

This paper uses the 2012-2018 A-share state-owned listed companies as a research sample, and manually collects data of the party committee members of state-owned listed companies in the corporate governance structure. Then this paper measures the high-quality development and investment efficiency indicators of state-owned enterprises based on the LP method and the Richardson model, and finally uses stata16 to conduct regression analysis to test the impact of the party committee’s participation in governance on the high-quality development of state-owned listed companies. The research results show that the party committee’s participation in governance can efficiently promote the high-quality development of the enterprise by improving the efficiency of corporate investment. Further research found that, compared with local state-owned enterprises, the participation of party committees in governance has a stronger role in promoting the high-quality development of central state-owned enterprises. Based on the perspective of the party committee's participation in corporate governance, this paper studies the specific mechanism and path of China's stateowned enterprises to achieve high-quality development. The research results not only enrich the theoretical researchrelated to party committees' participation in governance, but also provide a certain reference value for promoting the high-quality development of state-owned enterprises.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xinyu Cheng
AU  - Yunchen Wang
PY  - 2022
DA  - 2022/12/29
TI  - The Influence of the Party Committee's Participation in Governance on the High-quality Development of State-owned Enterprises—Intermediary Effect based on Investment Efficiency
BT  - Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
PB  - Atlantis Press
SP  - 1011
EP  - 1016
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-042-8_144
DO  - 10.2991/978-94-6463-042-8_144
ID  - Cheng2022
ER  -