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to the controlling shareholders. We also provide evidence that going public mitigates the tunneling activities of …
Persistent link: https://www.econbiz.de/10011264650
-tradable share reform. The research shows that the non-tradable share reform weakens the ¡°tunneling¡± effect of large shareholder …
Persistent link: https://www.econbiz.de/10011267181
There has been ample evidence suggesting that ¡°tunneling¡± or expropriation of minority shareholders by the … regulation are efficient and essential measures to restrict tunneling. There are, however, few studies that have explored this … analyze the strategies of both sides and investigate factors that may curb tunneling. Based on the model, recommendations on …
Persistent link: https://www.econbiz.de/10011267314
Tunneling effect of graphite is studied by atomic force microscopy. The tunneling current in the gap between a …
Persistent link: https://www.econbiz.de/10005080584
Persistent link: https://www.econbiz.de/10014583050
Cross-ownership breaks the traditional rule of one-sided corporate control. Using a novel approach based on stochastic voting processes, this paper proposes a general method to determine control stakes in the presence of cross-ownership. It offers a generalization of the Banzhaf index, which...
Persistent link: https://www.econbiz.de/10009366398
Persistent link: https://www.econbiz.de/10009281271
We examine a sample of going-private transactions in the Hong Kong stock market from 1989 to 2008. Privatized firms experienced large negative abnormal returns prior to the announcement of going private transaction, particularly in those firms with weak corporate governance structure and a high...
Persistent link: https://www.econbiz.de/10010608154
The book highlights emerging topics in key areas of corporate governance with special emphasis on traditionally unexplored issues. It also aims to stimulate thinking and debate on vital aspects of practice and approaches to corporate governance. The topics covered in this book deal with timely...
Persistent link: https://www.econbiz.de/10010728944
We investigate the impact of manager political connection and founder status on tunneling in China's listed firms from …, we find that overall manager political connection is negatively related to tunneling in private firms but positively … related to tunneling in SOEs. The CPC/CPPCC-type connection is likely to protect firms from tunneling, while the official …
Persistent link: https://www.econbiz.de/10010729566