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macro-level and institutional data and applying the GMM estimation method, the study finds that corruption (a proxy of the … debate regarding the political extraction-cash holdings relationship by examining a context under which corruption is likely …
Persistent link: https://www.econbiz.de/10014500521
for companies from China in period 2004-2011. We offer the evidence that, similarly to evidence from studies on reverse … mergers focusing on China, SPACs that focus on China are not different in their characteristics from other SPACs. We test for … the performance of the SPACs focused on China and show that their performance is not inferior to the performance of other …
Persistent link: https://www.econbiz.de/10010332133
ultimately controlled by individuals or families (hereafter 'entrepreneurial firms') for 2004 in China, to investigate the effect …
Persistent link: https://www.econbiz.de/10011936972
This paper examines executive compensation in the subsidiaries of business groups in China. Analyzing a sample of China …
Persistent link: https://www.econbiz.de/10011937011
We examine whether business groups' influence on cash holdings depends on ownership. Group affiliation can increase firms' agency costs or benefit firms by providing an internal capital market, especially in transition economies characterized by weak investor protection and difficult external...
Persistent link: https://www.econbiz.de/10011937016
The role of government shareholding in corporate performance is central to an understanding of China?s newly privatized …
Persistent link: https://www.econbiz.de/10010262209
for companies from China in period 2004-2011. We offer the evidence that, similarly to evidence from studies on reverse … mergers focusing on China, SPACs that focus on China are not different in their characteristics from other SPACs. We test for … the performance of the SPACs focused on China and show that their performance is not inferior to the performance of other …
Persistent link: https://www.econbiz.de/10010372686
political-connected director in China. We find that SOEs would be more likely to choose political-connected directors without … in China. Political-connected directors without professional business background are negatively associated with firm …
Persistent link: https://www.econbiz.de/10013131130
Executive compensation in the U.S. banking industry has been criticized as a root cause of the recent financial crisis. This study examines the relationship between executive compensation, ownership structure, and firm performance for Chinese financial corporations during 2001-2009. The results...
Persistent link: https://www.econbiz.de/10013114386
We study the relation between state ownership and cash holdings in China's share-issue privatized firms from 1993 to …
Persistent link: https://www.econbiz.de/10013115833