Zhaoguo, Zhang; Weifeng, He; Jing, Chen - In: Afro-Asian Journal of Finance and Accounting 1 (2008) 1, pp. 6-16
This study investigates the relationship between capital structure and the private benefits of control of listed Chinese firms. A sample of firms listed on the Chinese stock markets is used to estimate the private benefits of control. The private benefits of control are approximately 18% (on...