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The Effects of De-Capacity Policy on Steel and Coal Firms’ Profitability: Evidence from China’s Listed Companies

Chinese overcapacity in the steel and coal industry has been on the rise since 2013, which leads to the misallocation of resources and decreases in production efficiency. In 2015, the Chinese central government adopted a series of de-capacity policies to resolve excess capacity and improve corporate...

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Principais autores: Yihao Tian, Lijin Ding, Bin Yang, Feng Peng
Format: Artigo
Sprog:Inglês
Udgivet: MDPI AG 2022-06-01
Serier:Energies
Fag:
difference-in-difference
de-capacity policy
profitability
overcapacity industry
steel companies
coal companies
Online adgang:https://www.mdpi.com/1996-1073/15/12/4377
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