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Growing Moves in China to Restructure Companies and Foster New Industries

Sekine, Eiichi - 2011

One of the main aims of China's 12th Five-Year Program, which covers the period 2011-15, is to make Chinese industry … to market funding. A government-backed investment company, China Reform Holdings Corporation, has been established to … restructure China's central state-owned enterprises. The next step will be for private-sector capital and foreign capital to be …

Persistent link: https://www.econbiz.de/10013124442

Board Characteristics and Chinese Bank Performance

Liang, Qi - 2013

in China. We find that the number of board meetings and the proportion of independent directors have significantly … China …

Persistent link: https://www.econbiz.de/10013083271

Corporate Governance and Market Segmentation : Evidence from the Price Difference between Chinese A and H Shares

Guo, Lin - 2013

This paper empirically examines whether the price difference between Chinese A shares, which are traded in the domestic market, and their matching H shares, which are traded in the Hong Kong market, can be explained by firms' corporate governance characteristics. We find that the A- to H-share...

Persistent link: https://www.econbiz.de/10013090293

Does Market Transition Eclipse the Value of Firms’ Political Connections? A Longitudinal Study of Publicly Listed Firms in China

Jia, Nan - 2013

Has the value of firms' political connections declined during the course of China's market transition? Some argue that … China has experienced a tipping point after which the importance of political connections in conducting business has …

Persistent link: https://www.econbiz.de/10013091808

Ownership Structure and Risk-Taking : Comparative Evidence from Private and State-Controlled Banks in China

Dong, Yizhe - 2014

This study examines the impact of ownership structure on Chinese banks' risk-taking behaviours. We classify Chinese commercial banks into three categories based on the different types of controlling shareholder, and find that banks controlled by the government (GCBs) tend to take more risk than...

Persistent link: https://www.econbiz.de/10013065926

Board Independence, Ownership Concentration and Corporate Performance - Chinese Evidence

Li, Ke - 2014

This paper investigates two successive reforms in China -- 2001 board independence and 2005 share structure -- to study …

Persistent link: https://www.econbiz.de/10013067498

How Do Agency Problems Affect Firm Value? Evidence from China

Xiao, Sheng - 2014

and minority shareholders in China's publicly listed firms between 2004 and 2009. We measure the severity of these agency …

Persistent link: https://www.econbiz.de/10013067860

Managerial Agency Costs of Socialistic Internal Capital Markets : Empirical Evidence from China

Wang, Jiwei - 2013

This study provides empirical evidence of managerial agency costs in socialistic internal capital markets. Listed Chinese companies are required to disclose the amount of resources that are reallocated to other firms of the parent company, which provides us with a direct measure of the...

Persistent link: https://www.econbiz.de/10013074547

Managerial Ownership, Corporate Governance, and Firms’ Exporting Decisions : Evidence from Chinese Listed Companies

Dixon, Robert - 2015

Using a large panel of Chinese listed companies over the period 2004-2010, we document that both export propensity and intensity increase with managerial ownership up to a point of around 23%-27%, and decrease thereafter. In addition, we find a negative association between state ownership and...

Persistent link: https://www.econbiz.de/10013014387

Auditor Choice and Its Implications for Group-Affiliated Firms

Fang, Junxiong - 2015

appoint Top 10 audit firms in China, especially when their controlling shareholders have stronger incentives to improve …

Persistent link: https://www.econbiz.de/10013015087