Agency Costs of Socialistic Internal Capital Markets: Empirical Evidence from China
This study provides empirical evidence of agency costs in socialistic internal capital markets. Listed Chinese companies are required to disclose the amount of resources that are reallocated to other firms of the parent company, which provides us with a direct measure of the socialistic subsidizatio...
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| Main Authors: | , |
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| 格式: | text |
| 語言: | English |
| 出版: |
Institutional Knowledge at Singapore Management University
2007
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| 主題: | |
| 在線閱讀: | https://ink.library.smu.edu.sg/soa_research/231 |
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