Corporate Control and Enterprise Reform in China
An Econometric Analysis of Block Share Trades
Gebonden Engels 2008 2008e druk 9783790820195Samenvatting
This intriguing study sheds light on the efficiency of corporate control allocation in Chinese listed firms. Using a panel data set for the period 1996 to 2006, it examines the frequency, causes and consequences of changes in corporate control. The results indicate that poorly performing firms are the predominant targets of control changes. The findings provide insights into the motives and constraints of the key players involved in governance practices in China.
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