Ownership, Institutions, and Capital Structure: Evidence from China
نویسندگان
چکیده
منابع مشابه
Pyramidal Ownership Structure, Capital Investment and Firm Performance:Evidence from China
Business groups organized by pyramids enable the ultimate shareholders to control a portfolio of firms with less cash requirement. Further, corporate pyramid induces an internal capital market and makes capital transfer more convenient within the pyramid. In China, the state and business groups control a large number of listed firms through pyramidal ownership structure. What role does the corp...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.891529