{"id":"https://openalex.org/W4409779643","doi":"https://doi.org/10.1080/17538963.2025.2493985","title":"Unintended consequences of the impact of MOR on ESG performance","display_name":"Unintended consequences of the impact of MOR on ESG performance","publication_year":2025,"publication_date":"2025-04-23","ids":{"openalex":"https://openalex.org/W4409779643","doi":"https://doi.org/10.1080/17538963.2025.2493985"},"language":"en","primary_location":{"id":"doi:10.1080/17538963.2025.2493985","doi":"https://doi.org/10.1080/17538963.2025.2493985","is_oa":false,"landing_page_url":"https://doi.org/10.1080/17538963.2025.2493985","pdf_url":null,"source":{"id":"https://openalex.org/S204649255","display_name":"China Economic Journal","issn_l":"1753-8963","issn":["1753-8963","1753-8971"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","cwts-core","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319847","host_organization_name":"Routledge","host_organization_lineage":["https://openalex.org/P4310319847","https://openalex.org/P4310320547"],"host_organization_lineage_names":["Routledge","Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"China Economic Journal","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"Qing Liu","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I16365422","display_name":"Hefei University of Technology","ror":"https://ror.org/02czkny70","country_code":"CN","type":"education","lineage":["https://openalex.org/I16365422"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Qing Liu","raw_affiliation_strings":["Hefei University of Technology"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Hefei University of Technology","institution_ids":["https://openalex.org/I16365422"]}]},{"author_position":"middle","author":{"id":null,"display_name":"Xinxin Jiang","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I16365422","display_name":"Hefei University of Technology","ror":"https://ror.org/02czkny70","country_code":"CN","type":"education","lineage":["https://openalex.org/I16365422"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Xinxin Jiang","raw_affiliation_strings":["Hefei University of Technology"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Hefei University of Technology","institution_ids":["https://openalex.org/I16365422"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5026706422","display_name":"Zeqiang Ni","orcid":"https://orcid.org/0000-0002-4689-1545","observed_orcids":["https://orcid.org/0000-0002-4689-1545"]},"institutions":[{"id":"https://openalex.org/I39774598","display_name":"Hefei University","ror":"https://ror.org/01f5rdf64","country_code":"CN","type":"education","lineage":["https://openalex.org/I39774598"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Zeqiang Ni","raw_affiliation_strings":["Hefei University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Hefei University","institution_ids":["https://openalex.org/I39774598"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5026706422"],"corresponding_institution_ids":["https://openalex.org/I39774598"],"apc_list":null,"apc_paid":null,"fwci":0.9721,"has_fulltext":false,"cited_by_count":2,"citation_normalized_percentile":{"value":0.76335028,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":95,"max":96},"biblio":{"volume":"18","issue":"3","first_page":"414","last_page":"446"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.76419997215271,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.76419997215271,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.1808999925851822,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13901","display_name":"State Capitalism and Financial Governance","score":0.022700000554323196,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/mixed-ownership-reform","display_name":"mixed ownership reform","score":0.9710000157356262},{"id":"https://openalex.org/keywords/state-owned-enterprises","display_name":"state-owned enterprises","score":0.9300000071525574},{"id":"https://openalex.org/keywords/esg-performance","display_name":"ESG performance","score":0.996999979019165},{"id":"https://openalex.org/keywords/unintended-consequences","display_name":"unintended consequences","score":0.6159999966621399},{"id":"https://openalex.org/keywords/foreign-shareholders","display_name":"foreign shareholders","score":0.5929999947547913},{"id":"https://openalex.org/keywords/private-shareholders","display_name":"private shareholders","score":0.7609999775886536},{"id":"https://openalex.org/keywords/financial-constraints","display_name":"financial constraints","score":0.8349999785423279},{"id":"https://openalex.org/keywords/resource-allocation-theory","display_name":"resource allocation theory","score":0.8429999947547913},{"id":"https://openalex.org/keywords/total-factor-productivity","display_name":"total factor productivity","score":0.9419999718666077},{"id":"https://openalex.org/keywords/return-on-investment","display_name":"return on investment","score":0.7080000042915344},{"id":"https://openalex.org/keywords/esg-ratings","display_name":"ESG ratings","score":0.6790000200271606}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5055394172668457},{"id":"https://openalex.org/C2776889888","wikidata":"https://www.wikidata.org/wiki/Q1135789","display_name":"Unintended consequences","level":2,"score":0.49546897411346436},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.1764545738697052},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1080/17538963.2025.2493985","doi":"https://doi.org/10.1080/17538963.2025.2493985","is_oa":false,"landing_page_url":"https://doi.org/10.1080/17538963.2025.2493985","pdf_url":null,"source":{"id":"https://openalex.org/S204649255","display_name":"China Economic Journal","issn_l":"1753-8963","issn":["1753-8963","1753-8971"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","cwts-core","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319847","host_organization_name":"Routledge","host_organization_lineage":["https://openalex.org/P4310319847","https://openalex.org/P4310320547"],"host_organization_lineage_names":["Routledge","Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"China Economic Journal","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure","score":0.428600013256073}],"study_designs":[],"awards":[{"id":"https://openalex.org/G3262424239","display_name":null,"funder_award_id":"72373035","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":52,"referenced_works":["https://openalex.org/W814001771","https://openalex.org/W1507472735","https://openalex.org/W1988874098","https://openalex.org/W2001970813","https://openalex.org/W2059851502","https://openalex.org/W2060032353","https://openalex.org/W2068155429","https://openalex.org/W2084221011","https://openalex.org/W2101376317","https://openalex.org/W2140956556","https://openalex.org/W2145788913","https://openalex.org/W2146722939","https://openalex.org/W2158286266","https://openalex.org/W2170965255","https://openalex.org/W2172172133","https://openalex.org/W2320369865","https://openalex.org/W2513959550","https://openalex.org/W2528205246","https://openalex.org/W2546636161","https://openalex.org/W2559985639","https://openalex.org/W2617249519","https://openalex.org/W2741574316","https://openalex.org/W2751958792","https://openalex.org/W2756358598","https://openalex.org/W2756593600","https://openalex.org/W2791859701","https://openalex.org/W2892362625","https://openalex.org/W2905420447","https://openalex.org/W2942870997","https://openalex.org/W2952829238","https://openalex.org/W2996921101","https://openalex.org/W3013332262","https://openalex.org/W3013908138","https://openalex.org/W3015777503","https://openalex.org/W3022339544","https://openalex.org/W3023181463","https://openalex.org/W3118502698","https://openalex.org/W3121679822","https://openalex.org/W3147421935","https://openalex.org/W3161417407","https://openalex.org/W3209105254","https://openalex.org/W4210814742","https://openalex.org/W4220690607","https://openalex.org/W4231013919","https://openalex.org/W4285483857","https://openalex.org/W4308979498","https://openalex.org/W4317670380","https://openalex.org/W4382199713","https://openalex.org/W4382797442","https://openalex.org/W4388097824","https://openalex.org/W4390031752","https://openalex.org/W4399209283"],"related_works":["https://openalex.org/W4388097824","https://openalex.org/W7117364672","https://openalex.org/W4416771980","https://openalex.org/W4406882744","https://openalex.org/W4391344290","https://openalex.org/W4390031752","https://openalex.org/W4411196032","https://openalex.org/W4392551160","https://openalex.org/W4389607454","https://openalex.org/W6991669569"],"abstract_inverted_index":{"This":[0,47],"study":[1],"investigates":[2],"the":[3,15,87,91,107,129],"impact":[4],"of":[5,18,55,81,93,109],"mixed-ownership":[6],"reform":[7,88,130],"\u2013":[8,13],"a":[9,23,34,44,53,77,101,144],"major":[10],"policy":[11],"initiative":[12],"on":[14,138],"ESG":[16,37,104,117,148],"performance":[17,38],"state-owned":[19],"enterprises":[20],"(SOEs),":[21],"using":[22],"multi-period":[24],"difference-in-differences":[25],"(DID)":[26],"model.":[27],"The":[28],"findings":[29],"indicate":[30],"that":[31,62,90,127],"SOEs":[32,71],"experience":[33],"decline":[35,64,146],"in":[36,68,86,103,116,122,147],"after":[39,52],"introducing":[40],"non-state":[41],"capital":[42],"beyond":[43],"certain":[45],"threshold.":[46],"negative":[48],"effect":[49,79],"remains":[50],"robust":[51],"series":[54],"rigorous":[56],"robustness":[57],"checks.":[58],"Heterogeneity":[59],"analysis":[60,80],"reveals":[61,126],"this":[63],"is":[65,98],"more":[66],"pronounced":[67],"local":[69],"SOEs,":[70],"with":[72,100],"low":[73],"financing":[74],"constraints.":[75],"Furthermore,":[76],"moderating":[78],"different":[82],"shareholder":[83],"types":[84],"involved":[85],"shows":[89],"entry":[92],"private":[94],"and":[95,136],"financial":[96],"shareholders":[97,111],"associated":[99],"decrease":[102],"ratings,":[105],"whereas":[106],"participation":[108],"foreign":[110],"leads":[112,142],"to":[113,143],"an":[114],"improvement":[115],"ratings.":[118],"Mechanism":[119],"analysis,":[120],"grounded":[121],"resource":[123],"allocation":[124],"theory,":[125],"while":[128],"significantly":[131],"improves":[132],"total":[133],"factor":[134],"productivity":[135],"return":[137],"investment,":[139],"it":[140],"concurrently":[141],"significant":[145],"performance.":[149]},"counts_by_year":[{"year":2026,"cited_by_count":2}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2025-04-25T00:00:00"}
