HUANG, ALAN GUOMING; FUNG, HUNG-GAY - In: Emerging Markets Finance and Trade 41 (2005) 5, pp. 6-26
This study explains the conflict of interest between the majority stockholders, who have nonfloatable shares, and the minority stockholders, who have floatable shares in China's stock market. The growth of the Chinese financial markets is seriously constrained given the market segmentation of...