Research on the resource and governance effects of state-owned equity participation: Based on the analysis of the green transformation process and path of private enterprises.

ABSTRACT: Against the backdrop of environmental challenges and resource constraints, deepening mixed ownership reform and promoting green development of enterprises have become a significant trend, and the resource and governance effects arising from the state-owned (SOE) equity participation in private enterprises (PEs) have become a prominent research topic. The article empirically examines the influence of state-owned equity involvement on the green transformation of private firms using a two-way fixed effects model, utilizing a sample of Shanghai and Shenzhen A-share listed private enterprises from 2013 to 2022. The results indicate that SOE equity participation considerably speeds up the green transformation process of PEs, and the conclusion remains consistent following several robustness test

SUBMITTER: Ren H 

PROVIDER: S-EPMC12680303 | biostudies-literature | 2025

REPOSITORIES: biostudies-literature