ترجمه مقاله نقش ضروری ارتباطات 6G با چشم انداز صنعت 4.0
- مبلغ: ۸۶,۰۰۰ تومان
ترجمه مقاله پایداری توسعه شهری، تعدیل ساختار صنعتی و کارایی کاربری زمین
- مبلغ: ۹۱,۰۰۰ تومان
Abstract
We study the impact of having a communist party committee (CPC) member directly involved in the management of a firm on the market value of cash. Our findings suggest that the CPC member can enhance the market value of cash only when he or she is a director of the board. When the CPC members are supervisors of a supervisory board or senior management, they have no effect.
Results and discussion
3.1. Summary statistics and base results We report the summary statistics in Table 2. Among the samples, the mean of PARTY is 0.087, suggesting there are approximately 8.7% of SOEs having members of their CPCs as directors, supervisors, or senior managers. The means of PARTY_DIR, PARTY_SUP, and PARTY_MAN are 0.066, 0.022, and 0.032, respectively, indicating 6.6%, 2.2%, and 3.2% of the SOEs have at least one member of their CPCs as a director, a supervisor, or a senior manager. Overall, the CPC members of SOEs show some involvement in running their SOEs.