Wan, Hualin; Zhu, Kai; Chen, Xinyuan - In: China journal of accounting research : CJAR 8 (2015) 1, pp. 59-73
officer (CEO) agency costs. We investigate investment efficiency prior to CEO retirement based on a sample of Chinese state …-owned enterprises (SOEs) during the 1999-2007 period and find that there is a significant decline in investment efficiency prior to CEO …