country's capital markets. In China, the protection of minority shareholders is officially regarded as a major regulatory …Western economists have argued that the legal environment for the protection of minority shareholders and mechanisms … for restricting the expropriation of minority shareholders will be important in determining the size and extent of a …

This article provides a detailed analysis of the role of public shareholders in firm monitoring and corporate … governance in one of the world's most concentrated ownership environments — China's controlled capital markets. It moves beyond … shareholders can be involved in firm monitoring and corporate governance. In so doing, this article sheds new light on the global …

channels through which controlling shareholders expropriate minority shareholders by adopting a policy of excess leverage. We … found that firms with more excess control rights also have more excess leverage and the controlling shareholders of these …'s tunneling behavior. We argue that in emerging markets when legal protection for both creditors and shareholders is weak …

and their controlling shareholders use the resources for tunneling rather than investing in positive NPV projects. We also … party transactions are more positive after NTS reform. This confirms that tunneling by the controlling shareholders actually … reduced. We argue that in emerging markets where legal protection for creditors and shareholders is weak, controlling …

China, it is necessary to provide strong protection for minority shareholders in China in order to build an investor …In view of the increasingly severe exploitation of minority shareholders and the existence of double agency costs in …-friendly system. By enabling minority shareholders to prevent misconducts of majority shareholders and managers, legal system has made …

Minority shareholders in China face the risk of exploitation by both managers and majority shareholders. This is due to …

The first thirty companies are listed in China Nasdaq market in October 31st 2009. It means that China Nasdaq market … results found that operation cash flow and centration of shareholders have positive impact on equity control reduction and the … on IPO in China Nasdaq Market and investments on companies in China Nasdaq Market …