Minority shareholders' control rights and the quality of corporate decisions in weak investor protection countries : a natural experiment from China

• Main Authors: Chen, Zhihong, Ke, Bin, Yang, Zhifeng
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2013
• Subjects: DRNTU::Business::Accounting::Financial statements and analysis
• Online Access: https://hdl.handle.net/10356/100495; http://hdl.handle.net/10220/18185
• Institution: Nanyang Technological University

Using a 2004 Chinese securities regulation that requires equity offering proposals to obtain the separate approval of voting minority shareholders, we examine whether giving minority shareholders increased control over corporate decisions helps reduce value-decreasing corporate decisions for firms d...