Dual-class firms face great criticism as it is believed that firms choose this structure to expropriate minority shareholders’ wealth. We compare market performance of Chinese dual-class firms with their single-class counterparts by constructing a list of Chinese firms cross-listed on U.S....

Propping acts by controlling shareholders are common in Chinese listed firms. In this paper, we use data on related-party transactions of all listed Chinese firms from 2002 to 2008 to investigate the motivation behind controlling shareholders' propping acts and subsequent wealth-transfer...

This study investigates the effects of ownership structures and corporate governance on firms' performance in the Chinese capital market, which is in the early developmental stage of a socialist market economy. First, we examined companies that issued "A" stock listed on Shanghai and Shenzhen...