State Control, Marketization, And Firm Value: Evidence From China

نویسندگان
چکیده

برای دانلود رایگان 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

Founder Control, Ownership Structure and Firm Value: Evidence from Entrepreneurial Listed Firms in China

In emerging markets, the deviation between the ultimate controlling shareholders’ voting rights and their cash flow rights (hereafter “DVC”) in the listed firms is quite prevalent. DVC could be introduced due to the ultimate controlling shareholders’ opportunistic incentives, as well as by their incentives to improve firm efficiency. This study uses 229 listed firms ultimately controlled by ind...

متن کامل

Ownership-Control Discrepancy and Firm Value: Evidence from France

The purpose of this study is to provide an empirical analysis of the relationship between ownership structure of French firms and their value. Using data for 510 French publicly traded firms, the current study provides evidence in support of the entrenchment hypothesis. The results show that large controlling shareholders maintaining grip on control while holding only a small fraction of cash f...

متن کامل

Impact of Buyback of Shares on Firm Value: An Empirical Evidence from India

The present study examines the impact of capital employed in buyback of shares on firm value for 180 firms listed in the Bombay Stock Exchange of India. The issue of buyback of shares in the period from 2006 to 2016 was examined. The firm value is measured by a proxy, enterprise value, as a substitute of share price. The results suggest that the firm value differs from pre and post buyback of s...

متن کامل

Innovation, Productivity and the integration into Global Value Chain: Firm- level Evidence from China

This paper examines the effects of integration into global value chain on innovation and productivity with a firm-level panel dataset from China. Our results show that firms focusing on international collaboration in technology have a higher patenting activity than those focusing on national collaboration in technology. The innovation-enhancing effect of international collaboration in technolog...

متن کامل

Firm-level Human Capital and Innovation: Evidence from China

This paper explores firm-level innovation in a human capital view using two firm-level datasets from China, one from metropolitan cities and one from provincial middle cities. General human capital level can affect innovation directly and via R&D level indirectly; managerial human capital can affect firm innovation through their decision-making. We find that general human capital and managerial...

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: Journal of Applied Business Research (JABR)

سال: 2014

ISSN: 2157-8834,0892-7626

DOI: 10.19030/jabr.v30i6.8875