Journal Article10.1016/J.JCORPFIN.2018.02.001
Multiple large shareholders and corporate investment: Evidence from China
230
Chat with Paper
AI Agents for this Paper
Find similar papers on Google Scholar, PubMed and Arxiv
Write a critical review of this paper
Analyze citations of this paper to find unaddressed research gaps
Citations
Corporate governance mechanisms and corporate investments: evidence from India
Samridhi Suman,Shveta Singh +1 more
TL;DR: In this paper, the influence of corporate governance variables relating to the board of directors, audit and ownership on the agency problems that inflict a firm's investments in capital and research and development (R&D) expenditures is investigated.
42
Large shareholders, control contestability and firm productive efficiency
TL;DR: A negative association between the excess control rights of dominant owners and firm productive efficiency is found, indicating that their private benefits of control prevent them from favoring productive projects.
38
Do academic independent directors matter? Evidence from stock price crash risk
TL;DR: This paper examined the effect of academic independent directors (AIDs) on firm-specific stock price crash risk and found that AIDs reduce future crash risk by improving the quality of financial reporting, promoting corporate social responsibility, lowering agency costs, and curbing overinvestment.
38
Oil price uncertainty, corporate governance and firm performance
Xinyu Song,Baochen Yang +1 more
TL;DR: Wang et al. as mentioned in this paper investigated whether oil price uncertainty affects Chinese firms' operating performances and the moderating role of corporate governance practices in this relationship, using a sample of 2,696 Chinese listed firms from 2007 to 2019.
37
An Investigation of the Link between Major Shareholders’ Behavior and Corporate Governance Performance before and after the COVID-19 Pandemic: A Case Study of the Companies Listed on the Iranian Stock Market
TL;DR: In this paper , the authors investigated the connection between the power of major shareholders and the modality of corporate governance in companies listed on the Iranian capital market before and after the COVID-19 pandemic.
References
Theory of the firm: Managerial behavior, agency costs and ownership structure
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.
61.3K
Sample Selection Bias as a Specification Error
TL;DR: In this article, the bias that results from using non-randomly selected samples to estimate behavioral relationships as an ordinary specification error or "omitted variables" bias is discussed, and the asymptotic distribution of the estimator is derived.
30.4K
•Journal Article
The Cost of Capital, Corporation Finance and the Theory of Investment
TL;DR: In this article, the effect of financial structure on market valuations has been investigated and a theory of investment of the firm under conditions of uncertainty has been developed for the cost-of-capital problem.
Law and Finance
TL;DR: In this article, the authors examined legal rules covering protection of corporate shareholders and creditors, the origin of these rules, and the quality of their enforcement in 49 countries and found that common-law countries generally have the strongest, and French civil law countries the weakest, legal protections of investors, with German- and Scandinavian-civil law countries located in the middle.
•Posted Content
A Survey of Corporate Governance
TL;DR: The authors surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems around the world, and presents a survey of the literature.
14.9K