Wen, Wen; Feng, Xiaoqing - In: China journal of accounting studies 11 (2023) 4, pp. 795-825
Using a sample of Chinese A-share listed firms on Shanghai and Shenzhen stock exchanges from year 2003-2019, this paper examines the impact of multiple large shareholders (MLS) on abnormal stock trading halts. The results reveal that listed companies with MLS have a lower probability of abnormal...