Compliance,as a very important aspect of corporate governance,has developed earlier in the world,while China's compliance management has developed relatively late and is currently lacking in development.However,many e...
This paper explores whether the level of stock price informativeness about listed companies’future earnings is influenced by investor sentiment.In prior studies,investor sentiment,which can be regarded as the mood of...
This paper examines the impact of the policy on eliminating the ratio of foreign shareholding in banks in a mixed oligopoly model.Its analytic results show that state-owned banks should encourage privatisation along w...
Horizontal shareholding refers to the behavior of operators acting as investors,holding partial shares in two or more companies with competitive relationships in the same relevant market.The antitrust law and economic...
Analyzing the cultural distance between the home country and the host country is the key to solve the survival dilemma of the overseas subsidiaries of Chinese enterprises. This paper selects 6,046 overseas subsidiarie...
With the gradual deepening of the reform of the shareholding system,more and more shareholders of listed companies have taken measures to increase their shareholdings to absorb capital,while at the same time achieving...
Financial decisions in general and dividend policy in particular are based on the relationship between the stakeholders.Also,analyzing the dividend policy in companies that are not listed on the stock market remains i...
supported by the National Natural Science Foundation of China (NSFC) programs (71502161 and 71672134);Key Programs of Philosophical and Social Science Planning of Zhejiang Province (17NDJC025Z);Natural Science Foundation Program of Zhejiang Province (LQ14G020011);"Zhi Jiang Young Social Science Scholar" Program of Zhejiang Province (G267)
Since June 2004, the State-Owned Assets Supervision & Administration Commission(SASAC) has launched pilot programs for a board of directors(BoD) for central SOEs to establish and improve their governance structure and...
State-owned enterprises(SOEs)in China have undergone significant restructuring since the mid-1990s.To date,scholars have devoted considerable attention to the constraints upon and motives for corporate restructuring i...
financial support from the National Natural Science Foundation of China (NSFC Nos. 71372149, and 71402034);the philosophy and social sciences major issue research projects of the Ministry of Education of China (Grant No. 8151027501000039)
We study the dynamic causal effects of the shareholding ratio of controlling shareholder on tunneling behavior in China.We use control-right-transfers as the event to conduct the study.We obtain 394 control-right-tran...