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This research aims to explore how corporate governance and state ownership interact and influence firm value among Chinese listed firms.

April 17, 2026Open Access

Corporate governance, state ownership and cross-listing

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Analyses the effects of corporate governance and state ownership on firm value, suggesting a complex relationship.

This research aims to explore how corporate governance and state ownership interact and influence firm value among Chinese listed firms.
Analyzed data from 2,113 Chinese A-share listed firms.
Examined corporate governance features in state-owned vs. non-state-owned firms.
Investigated the impact of cross-listing on corporate governance and firm value sensitivity.
Mixed effects observed between corporate governance and state ownership.
Variability in how cross-listing affects the relationship with firm value.

Hongmei Xu (2015) studied this question.

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