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Media Coverage and Firm Valuation : Evidence from China
Wang, Jiwei - 2014
Drawing on both a managerial-discipline perspective and an information-intermediary perspective, we explore how media … China from 2003–2006, we find that firms in which controlling shareholders receive more neutral media reports enjoy higher … valuation, whereas negative media reports on controlling shareholders impose adverse effects on firm valuation. Interestingly …
Persistent link: https://www.econbiz.de/10013063802
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Corporate governance, state ownership and cross-listing : evidence from Chinese A-share listed firms
Xu, Hongmei - 2015
This paper analyses the relationship between corporate governance, state ownership and cross-listing by using data from 2,113 Chinese A-share listed firms during the period 2008 to 2013. Firstly, corporate governance features in state-owned vs. non-state-owned and cross-listed vs....
Persistent link: https://www.econbiz.de/10010487561
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Executive compensation, firm performance, and corporate governance in China : evidence from firms listed in the Shanghai and Shenzhen stock exchanges
Kato, Takao (contributor); Long, Cheryl (contributor) - 2005
This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive compensation and ownership structure, we find for...
Persistent link: https://www.econbiz.de/10003225948
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A Review of Earnings Management in China and its Implications
Yang, Jingjing - 2011
This paper reviews the academic literature on earnings management in China. We discuss the motivations behind the listed firms' earnings management, and provide empirical evidence on earnings management using various accounting measures. The literature shows that earnings management occurs most...
Persistent link: https://www.econbiz.de/10013121717
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Pathway to Minority Shareholder Protection : Derivative Actions in the People's Republic of China
Howson, Nicholas Calcina - 2013
Using a dataset of Chinese judicial opinions arising in over fifty cases, this paper analyses the development and current implementation of shareholder derivative actions in the courts of the People's Republic of China (“PRC”), both before and after the derivative lawsuit was explicitly...
Persistent link: https://www.econbiz.de/10013092047
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Does CEO Turnover Matter in China? Evidence from the Stock Market
Pessarossi, Pierre - 2014
We study the consequences of CEO turnover announcements on the stock prices of firms in China, where most listed firms remain majority-owned by the state. Our proposition is that state ownership may affect stock market reaction to CEO replacement because state-owned firms often pursue multiple,...
Persistent link: https://www.econbiz.de/10013065392
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Corporate Tournament and Executive Compensation in a Transition Economy : Evidence from Publicly Listed Firms in China
Lin, Chen - 2009
This article tests several predictions of tournament theory on executive compensation in the context of a transition economy. Using an unbalanced panel which consists of a total of 34701 executives in 450 publicly listed firms in China during 1999 and 2006, we find that (1) pay increases as...
Persistent link: https://www.econbiz.de/10013160424
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Corporate Governance in China : A Survey
Jiang, Fuxiu - 2020
This paper surveys corporate governance in China, as described in a growing literature published in top journals. Unlike the classical vertical agency problems in Western countries, the dominant agency problem in China is the horizontal agency conflict between controlling and minority...
Persistent link: https://www.econbiz.de/10012837548
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Effects of Exports, IPO Duration, and Government Protection on Market Returns of Chinese IPO Firms
Tan, Jin - 2017
This study examines the influence of exports, IPO duration, and government protection on the initial returns and long-run performance of IPO firms in the Chinese stock markets. Focusing specifically on underpricing in both initial returns and post-IPO long-run market performance that previous...
Persistent link: https://www.econbiz.de/10012952384