Open Access. Powered by Scholars. Published by Universities.®
![Digital Commons Network](http://assets.bepress.com/20200205/img/dcn/DCsunburst.png)
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Social and Behavioral Sciences
The Impacts Of Ownership And Covid-19 On Firm Performance-Three Essays, Jian Xu
The Impacts Of Ownership And Covid-19 On Firm Performance-Three Essays, Jian Xu
Theses and Dissertations
This dissertation consists of three essays on finance of ownership and COVID-19. In the first essay, we investigate the effect of residual state ownership, foreign ownership, and the interaction between the two on firms' financing patterns. we find that neither firms with residual state ownership only nor firms with foreign ownership only are positively related with external finance. In comparison, firms with both state and foreign ownerships are associated with higher external finance. The increased external finance for firms with both state and foreign ownerships mainly comes from private banks and new equity. Moreover, we explore the channels through which …