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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
In recent years, there has been an increasing interest in assessing the effectiveness of corporate governance in China …
Persistent link: https://www.econbiz.de/10012894146
This paper investigates pay dispersion and its effects on firm performance in China's listed firms. Due to weak … investor protection and an inefficient legal system, China is expected to have a lower level of corporate governance. In this …
Persistent link: https://www.econbiz.de/10013008988
dispersion generally provides a tournament incentive in China's emerging market, as it is positively associated with firm … politically connected, but it became stronger after the China's split-share structure reforms. Further, we find that in state …
Persistent link: https://www.econbiz.de/10013047800
ultimately controlled by individuals or families (hereafter “entrepreneurial firms”) for 2004 in China, to investigate the effect …
Persistent link: https://www.econbiz.de/10011823380
shaping corporate finance policies in China. Among privately-owned enterprises (POEs), ownership concentration has negative …
Persistent link: https://www.econbiz.de/10014255270
This study examines the relationship between institutional investors, corporate governance, and firm performance in Vietnam. The findings on Vietnamese listed companies indicate that while institutional investors are less likely to hold shares of companies with larger board sizes, Chief...
Persistent link: https://www.econbiz.de/10014500466
Using a sample of China's listed firms during 2007-2009, we examine the effect of internal and external corporate … determinants of collateral which has important policy implications for governance reform in China's ever-growing markets …
Persistent link: https://www.econbiz.de/10013006767
This paper analyses the German corporate law reform's effect on the publicly listed companies' ownership and performance. First, theoretically plausible implications of the most important laws that were issued 1990-2009 are provided, then an empirical analysis using 1997-2008 panel data...
Persistent link: https://www.econbiz.de/10013133571
Family firms are an important phenomenon of the German capital market. We analyse the broadest market segment of the German Stock Exchange, the CDAX, for the years 1998 to 2008. According to a founding-family definition almost half of all CDAX-listed non-financial firms in Germany can be...
Persistent link: https://www.econbiz.de/10013155464