중국 국유기업의 부패와 총자산수익률(ROA)에 관한 실증분석

Abstract

China, as a country that preceded regime change, is a country that has implemented a gradual transition. The liberalization and privatization of state-owned enterprises in the process of systemic transition originated corruption in state-owned enterprises. In the present study, China's corruption and state-owned enterprises' return on assets (ROA) are empirically analyzed to explore the relationship between corruption and state-owned enterprises in China. Based on the present research results, the main purpose is to prevent corruption problems which eventually may occur in existing socialist countries and previous socialist nations that preceded system transformation and reduce trial and error. As the present study analyzed financial statements of Chinese state-owned enterprises, it is judged to be the basis for future follow-up studies. Indices such as democracy, freedom of speech and economic freedom, which have been used when analyzing socialist or dictatorship countries, come to be adopted as corruption-related indices when conducting empirical research on ROA, which is comprehensively analyzed to differentiate from other studies. This has an important significance in which it allows an approach to the country's corruption problem from more diverse perspectives and spectrums.