All over the world, companies play an important role in the economy. Different types of stakeholders hold the reins in these companies. An important class are the shareholders that finance the activities of these companies. In return, stakeholders have a say on how these companies should be...

Undertakings by the controlling shareholders in Chinese listed companies are commonplace. This study empirically examines the events where the controlling shareholders announced its intentions not to honour their undertakings. Using event study methods, our research shows that these events are...