Author(s)

Shuming Shang ¹, Siqi Zhang ¹

Affiliation(s)

¹ School of Business Administration, Jiangxi University of Finance and Economics, Nanchang, 330013, China

Corresponding Author

Siqi Zhang

ABSTRACT

The performance of public welfare centrally-administered state-owned enterprises (SOEs) is affected by the implementation of classification reform. This study investigated the A-share listed enterprises of public welfare centrally-administered SOEs from 2012 to 2019 using an empirical research approach. The results indicate that the performance of public welfare centrally-administered SOEs improved after the implementation of classification reform compared to private enterprises. The accurate functional positioning of different types of SOEs and the adoption of different reform directions and measures for different categories of SOEs have to a certain extent rectified the "mission conflict" that arises in the development of SOEs. This study provided positive empirical evidence supporting the effectiveness of classification reform for SOEs. However, the study also suggested that further governance measures are necessary to consolidate and strengthen the reform impact.

KEYWORDS

Classification reform, public welfare central-administered state-owned enterprises, business performance

CITE THIS PAPER

Shuming Shang, Siqi Zhang, Research on the Classification Reform and Its Effects of Public Welfare Centrally-Administered State-Owned Enterprises under the Background of Fully Implementing the New Development Concept. Accounting and Corporate Management (2023) Vol. 5: 18-27. DOI: http://dx.doi.org/10.23977/acccm.2023.051003.

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