Institutional bindingness, power structure, and land expropriation in China
نویسندگان
چکیده
منابع مشابه
Institutional Investors and Crash Risk: Monitoring or Expropriation?
This study tests two opposing views of institutional investors—monitoring versus expropriation--by investigating whether institutional ownership is positively or negatively related to future firm-specific stock price crash risk. We present robust evidence that institutional ownership is positively associated with future stock price crash risk. After further classifying institutional investors i...
متن کاملTerritorialization of State Power through Land Development in Southern China
This article examines the relationship between urban land development and municipal finance in a Chinese regional economy undergoing rapid urbanization. Drawing upon insights from the perspective of political economy, this article identifies a strategy by which land-centered urbanization has been actively pursued as a means of revenue generation in response to the reshuffling of state power. Th...
متن کاملOwnership Structure, Institutional Development, and Political Extraction: Evidence from China
This paper examines how ownership structure and institutional development influence the liquidity management and investment policies of firms, in response to the threat of political extraction in China. First, we document evidence that firms controlled by private entrepreneurs hold less cash reserves than their state-owned counterparts. In addition, cash holdings (investments) is positively (ne...
متن کاملThe Land Gini Coefficient and Its Application for Land Use Structure Analysis in China
We introduce the Gini coefficient to assess the rationality of land use structure. The rapid transformation of land use in China provides a typical case for land use structure analysis. In this study, a land Gini coefficient (LGC) analysis tool was developed. The land use structure rationality was analyzed and evaluated based on statistical data for China between 1996 and 2008. The results show...
متن کاملAnalysis and Projection of the Relationship between Industrial Structure and Land Use Structure in China
Based on the computable general equilibrium (CGE) modelling method, this research analyzes the relationship between industrial structure and land use structure in China. The results show that our model is feasible, and the simulation results are of a certain stability. Under the scenario analysis and projection of the relationship between the industrial structure and land use structure of the t...
متن کاملذخیره 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: World Development
سال: 2018
ISSN: 0305-750X
DOI: 10.1016/j.worlddev.2018.04.019