This study examines the financial consequences of the moral hazard of the controlling shareholder. Using a sample of Chinese listed companies during the 2003–2009 period, we find that companies characterized by a wider divergence between the controlling shareholder's control and cash flow...

In this paper, we employ the method of empirical likelihood to construct confidence intervals for M-functionals in the presence of auxiliary information under a nonparametric setting. The modified empirical likelihood confidence intervals which make use of the knowledge of auxiliary information...

We consider testing the validity of the generalized logit model with I+1 categories based on case-control data. After reparametrization, the assumed logit model is equivalent to an (I+1)-sample semiparametric model in which the I log ratios of two unspecified density functions are linear in...