On the Ownership,Political Connection and Electric-power-cutting Hours—Evidence from Non-ferrous Metals Industry
研究了2010年地方政府为完成节能目标对有色金属企业停电时长的差异，发现国企停电更短，有政治关联的私企停电也短于无关联私企，且停电对私企的负面冲击更大。
The year of 2010 was the last year of the Eleventh Five - year Plan in which energy consumption for unit GDP production should be reduced by 20%.Some Local governments which could not reach this target had to stop supplying electric power to firms.We made an investigation to firms in non - ferrous metals industry in four provinces including Hebei,Shanxi,Henan and Inner Mongolia On the basis of analyzing the institutional root of electric - power - cutting(EPC),we study the effect of firm's ownership and the political connection of private enterprises on the local governments' EPC behavior and its economic consequences.The empirical results show that bearing the high pressure of One - vote Veto,the local government officials adopted the EPC iz the non -ferrous metals industry at the end of 2010.The time of electric power - cutting(TEPC) of stateowned enterprises is less than the private enterprises.In private enterprises,TEPC of those with political connections is less than those without political connections.This result supports that there is significant ownership discrimination for private enterprises.Lastly,we find the negative shock of EPC is greater for the private enterprises, especially for the non political - connected private enterprises.