Cost Stickiness, Ownership Concentration and Enterprise Risk—Empirical Evidence from Chinese Listed Manufacturing Companies

نویسندگان

چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Local Taxation and Firm Employment: Evidence from Chinese Listed Companies∗

This paper examines the effects of province corporate income tax policies on firm employment. It uses A-share listed Chinese firms’ panel data for 2004 to 2014. To control for unobservable time-varying province characteristics, we employ a quadratic function of time to approximate the effect of time-varying province heterogeneity. We also construct an instrumental variable to deal with the pote...

متن کامل

Information Systems and Firm Competence: Evidence from Chinese Listed Companies

By using unbalanced panel data set for 76 firms in Chinese listed companies, this paper empirically study the relationship between information systems and firm competence under Chinese context with GLS regression method. This study draws such conclusions: (1) in the short term, the use of information systems has statistically significant negative impact on firm competence. (2) In the short term...

متن کامل

Dividends Distribution and Earnings Persistence: Evidence from Chinese Listed Companies

Dividends distribution of Chinese listed companies is irregular, and the level of dividends can’t match that of earnings persistence. This paper empirically investigates the relationship between dividends distribution, including payout policy and level of cash dividends, and earnings persistence. Different from current literature, this paper is the first to investigate the relationship between ...

متن کامل

The Effect of Audit Quality on Costs Stickiness in Manufacturing Companies Listed in Tehran Stock Exchange

One of the most fundamental presumptions of management audit shows that change in costs is in fir correlation with increase and decrease in activity level. However, this assumption is discussed with considering the cost stickiness by Anderson et al. it means that the amount of increase in costs with the increase in activity level is more than reduction in costs per same amount of reduction in a...

متن کامل

Overinvestment When Control Separates from Ownership: Evidence from Publicly Listed Companies in China

In this paper, we study how separation of control from ownership affects overinvestment by presenting a simple model extended from La Porta et al. (2002). We find that firms with controlling shareholders whose control is more separated from ownership are likely to overinvest more, even if controlling shareholders expropriate funds for purpose of other than investment. Using over 1000 public lis...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: American Journal of Industrial and Business Management

سال: 2018

ISSN: 2164-5167,2164-5175

DOI: 10.4236/ajibm.2018.81011