Chen, Gongmeng; Firth, Michael; Xin, Yu; Xu, Liping - In: Journal of Financial and Quantitative Analysis 43 (2008) 01, pp. 161-190
We investigate performance effects for China's listed firms when there is a change in the controlling shareholder. These changes include ownership transfers from one state entity to another state entity and from a state entity to a private entity. We find positive performance effects when...