This paper examines the impact of controlling shareholders' stock pledge on institutional shareholding using the sample … of Chinese listed firms. Stock pledge means shareholders use stock of listed firms as the pledged assets to apply for … shareholders' stock pledge decreases institutional shareholding significantly and such relation is more remarkable in the subsample …

between corporate controlling shareholders and minority shareholders during China’s split-share structure reform, wherein … shareholders. Our initial analysis provides evidence that profit-promised firm-years are, on average, associated with income … ownership. Further analysis documents that the exit threat of institutional shareholders can discipline earnings management …

voting minority shareholders, we examine whether giving minority shareholders increased control over corporate decisions … fund ownership. There is also weak evidence that minority shareholders are more likely to veto value-decreasing equity … that in weak investor protection countries, the effect of granting minority shareholders increased control over corporate …

control rights and the types of control of the ultimate controlling shareholders (UCSs) of listed firms in China influence … pay and the level of cash dividend payout, which indicates that the ultimate controlling shareholders are likely to use … firms' cash dividend policy. The difference might stem from the historical nature of these ultimate controlling shareholders …

Western economists have argued that the legal environment for the protection of minority shareholders and mechanisms … for restricting the expropriation of minority shareholders will be important in determining the size and extent of a … country's capital markets. In China, the protection of minority shareholders is officially regarded as a major regulatory …

channels through which controlling shareholders expropriate minority shareholders by adopting a policy of excess leverage. We … found that firms with more excess control rights also have more excess leverage and the controlling shareholders of these …'s tunneling behavior. We argue that in emerging markets when legal protection for both creditors and shareholders is weak …

and their controlling shareholders use the resources for tunneling rather than investing in positive NPV projects. We also … party transactions are more positive after NTS reform. This confirms that tunneling by the controlling shareholders actually … reduced. We argue that in emerging markets where legal protection for creditors and shareholders is weak, controlling …

corporate control market from 2001 to 2008. We use related party transactions amount to capture control shareholders’ tunneling …

percent of the top 5 shareholders and counterbalance mechanism among blockholders on cash dividend distribution of listed … phenomena of "same shares same rights but different price". We find that share percent of top 5 shareholders, control ability … tunneling of cash dividend distribution. Lastly, the paper proposes five suggestions to restrict controlling shareholders to …