Shan, Yuan George; Xu, Lei - In: International Journal of Managerial Finance 8 (2012) 4, pp. 344-364
covers all listed financial institutions in China, comprising a panel data set of 139 firm‐year observations covering 1999 to … 2009. Within China's two‐tier corporate governance context, the three IGMs – ownership structure, board of directors and … minority shareholders and are the real beneficiaries of recent reforms. Thus, further financial reforms seem necessary in China …