Corporate control and enterprise reform in China : an econometric analysis of block share trades
Author(s)
Bibliographic Information
Corporate control and enterprise reform in China : an econometric analysis of block share trades
(Contributions to economics)
Physica-Verlag, c2008
- : hbk
Available at / 9 libraries
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Library, Institute of Developing Economies, Japan External Trade Organization図
: hbkAECC||658||C3016849101
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Note
Includes bibliographical references (p. [109]-115)
Description and Table of Contents
Description
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.
Table of Contents
China's reform process, stock market development, and testable hypotheses.- Data, concept of control, and summary statistics on changes in control.- Causes of changes in ultimate share ownership.- Consequences of changes in ultimate share ownership.- Conclusion.
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