Showing 141 - 150 of 220
This paper examines the link between adverse early-life experiences of CEOs and accounting policy choice, in particular whether a CEO's experience of the Great Chinese Famine impacts the accounting conservatism of his or her company. Our results show that companies whose CEOs had famine...
Persistent link: https://www.econbiz.de/10012890800
This paper examines the relationship between ownership structures and IPO long-run performance in China. Although entrepreneurial firms underperform the market in general after IPO but the poor performance is mainly caused by the IPOs with ownership control wedge. Entrepreneurial firms with one...
Persistent link: https://www.econbiz.de/10013071606
This paper investigates the cointegrating and long-term causal relationships between the Shanghai A and B-share market, and between these two markets and the Hong Kong, the Taiwanese, the Japanese and the US market of two sub periods between July 1993 and March 2007. On the basis of a new...
Persistent link: https://www.econbiz.de/10013047639
The purpose of this study is to investigate a causal relationship among five different indices of shares issued by Chinese firms, A-, B- and H-shares listed in China and Hong Kong. This paper re-examines the interactions among these China-related stocks using daily time series data by...
Persistent link: https://www.econbiz.de/10013047640
This paper examines the impact of ownership structure on executive compensation in China's listed firms. We find that the cash flow rights of ultimate controlling shareholders have a positive effect on the pay-performance relationship, while a divergence between control rights and cash flow...
Persistent link: https://www.econbiz.de/10013047646
This paper examines how the institutional features of emerging economies (i.e., government ownership, political connections, and market reform) influence CEO pay-dispersion incentives. Consistent with our expectation, we find that CEO pay dispersion generally provides a tournament incentive in...
Persistent link: https://www.econbiz.de/10013047800
We investigated the impact of manager's political connections and founder status on tunnelling in China's listed firms from 2004 to 2010. By classifying the political connections into three dimensions with two categories of controlling ownerships, we find that the overall political connections...
Persistent link: https://www.econbiz.de/10013047801
This paper investigates venture capitalists' monitoring of managerial behaviour by examining their impact on CEO pay-performance sensitivity across various controlling structures in Chinese firms. We find that the effectiveness of venture capitalists' monitoring depends on different types of...
Persistent link: https://www.econbiz.de/10013047814
This paper examines the impact of conditional order usage on the disposition effect. Taking advantage of proprietary Australian stock brokerage data, we employ the propensity score method to create a control group. This methodology enables us to isolate the impact of conditional orders from...
Persistent link: https://www.econbiz.de/10012894733
This study investigates the effect of banks' dual holding on bank lending and firms' investment decisions using a sample of listed firms in China. We find that dual holding leads to easier access to bank loans, a result that is more pronounced for non-state-owned enterprises (non-SOEs) than...
Persistent link: https://www.econbiz.de/10013058685