Cai, Charlie X.; Hillier, David; Tian, Gaoliang; Wu, Qinghua - Departament d'Empresa, Facultat d'Economia i Empresa
In this paper, we investigate the agency costs of government ownership and their impact on corporate governance and firm value. China is used as a laboratory because of the prevalent state shareholdings in exchange-listed firms. In this context, we specifically consider the trade-offs involved...
