Liang, Shangkun; Jiang, Yanfeng; Yu, Junli; Xu, Wei - In: China journal of accounting studies 9 (2021) 4, pp. 469-489
Tunnelling by large shareholders is a problem representative of ownership concentration. Large shareholders may interfere with a firm's information disclosure to support their tunnelling behaviour, causing a high stock price crash risk. Using listed companies in China from 2001 to 2019 as a...