Do enterprise ownership structures affect financial performance in China's power and gas industries?

Xiaolong He, Chaoyi Wang, Xiaowei Yang and Zhoujing Lai

Utilities Policy, 2021, vol. 73, issue C

Abstract: Analyzing state-owned and private enterprise performance can inform enterprise reform, guide structural adjustments, and promote sustainable development. This study established an entropy-TOPSIS-GRA evaluation model to assess four financial performance indicators, including solvency, operational capability, profitability, and development capacity, of listed Chinese state-owned and private enterprises in the power and gas industry from 2008 to 2018. The results indicate no distinct financial performance differences between the two enterprise types, refuting the traditional view that state-owned enterprise performance is lower than private enterprises.

Keywords: Enterprise performance; Public utilities; Entropy +TOPSIS+ GRA (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:73:y:2021:i:c:s0957178721001375

DOI: 10.1016/j.jup.2021.101303

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