Chen, Gongmeng; Firth, Michael; Xu, Liping - In: Journal of Banking & Finance 33 (2009) 1, pp. 171-181
By tracing the identity of large shareholders, we group China's listed companies into those controlled by state asset management bureaus (SAMBs), state owned enterprises (SOEs) affiliated to the central government (SOECGs), SOEs affiliated to the local government (SOELGs), and Private investors....