Corporate Control and Enterprise Reform in China

An Econometric Analysis of Block Share Trades
Softcover Nachdruck of hardcover 1. Auflage 2008
ISBN: 978-3-7908-2546-6
Verlag: Physica

Buch, Englisch, 115 Seiten, Previously published in hardcover, Format (B × H): 155 mm x 235 mm, Gewicht: 207 g

Reihe: Contributions to Economics

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.

Zielgruppe

Research

Autoren/Hrsg.

Büchelhofer, Christian

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Volkswirtschaften einzelner Länder und Regionen
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets

Inhaltsverzeichnis

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.