Corporate Control and Enterprise Reform in China An Econometric Analysis of Block Share Trades /

• Main Author: Büchelhofer, Christian (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Heidelberg : Physica-Verlag HD, 2008.
• Series: Contributions to Economics,
• Subjects: Finance.; Industrial organization.; Development economics.; Economics.; Development Economics.; Industrial Organization.; Finance, general.

This 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 predomin...

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.