Does state ownership enhance corporate resilience? Evidence from the COVID-19 pandemic

Bo Jiang, Yang Lu, Sifei Li and Tong Zhao

Applied Economics Letters, 2025, vol. 32, issue 12, 1789-1795

Abstract: This paper investigates how state ownership affects corporate resilience during the COVID-19 pandemic. Using data from Chinese listed firms, we find that state ownership enhances corporate resilience during the pandemic. Mechanism tests indicate that state ownership enables state-owned-enterprises to access more government subsidies and bank loans, which help to increase their resilience.

Date: 2025
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DOI: 10.1080/13504851.2024.2324147

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