Leung, Noel W.; Cheng, Mei-Ai - In: China journal of accounting research : CJAR 6 (2013) 2, pp. 89-112
The association between corporate governance and firm value has been extensively studied in Chinese listed firms. Based … on the characteristics of their ultimate shareholders, Chinese listed firms can be categorised as (1) central state …-controlled, (2) local state-controlled or (3) non-state-controlled. Some scholars have described Chinese government policy as "zhuada …