THE IMPACT OF ECONOMIC POLICY UNCERTAINTY ON THE ECONOMIC BENEFITS OF CHINA'S LISTED IRON AND STEEL ENTERPRISES

1 LENORT Radim
Co-authors:
2 YAO Wenlong 3 HAN Weixue 3 DUAN Jingjing
Institutions:
1 ŠKODA AUTO University, Mladá Boleslav, Czech Republic, EU, radim.lenort@savs.cz
2 Hubei Circular Economy Development Research Center, Hubei University of Technology, Wuhan, Hubei Province, China, marcoe@163.com
3 VSB - Technical University of Ostrava, Ostrava, Czech Republic, EU, weixue.han.st@vsb.cz
Conference:
32nd International Conference on Metallurgy and Materials, Orea Congress Hotel Brno, Czech Republic, EU, May 17 - 19, 2023
Proceedings:
Proceedings 32nd International Conference on Metallurgy and Materials
Pages:
709-717
ISBN:
978-80-88365-12-9
ISSN:
2694-9296
Published:
8th January 2024
Proceedings of the conference were published in Web of Science.
Metrics:
277 views / 203 downloads
Abstract

In 2015, China fully launched the supply-side reform and carried out the work of reducing iron and steel production overcapacity. However, the China-United States trade war that began in 2018 and the global COVID-19 pandemic that began in 2020 have had a massive impact and uncertainty on the development of China and even the global economy, and the external business risks of enterprises have increased significantly. These have led to a rapid rise in the uncertainty of China's economic policy. Based on the above background, this paper takes China's listed iron and steel enterprises from 2015 to 2021 as the research object to explore the impacts of China's economic policy uncertainty on the benefit of iron and steel enterprises. The research results show that economic policy uncertainty can significantly affect the economic benefits of iron and steel enterprises, and can significantly improve the economic benefits of iron and steel enterprises.

Keywords: Economic policy uncertainty, enterprise economic benefits, iron, steel

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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