Managerial agency costs of socialistic internal capital markets: Empirical evidence from China

This study provides empirical evidence of managerial 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 s...

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Bibliographic Details
Main Authors: WANG, Jiwei, YE, Kangtao
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2014
Subjects:
Online Access:https://ink.library.smu.edu.sg/soa_research/235
https://ink.library.smu.edu.sg/context/soa_research/article/1234/viewcontent/SSRN_id2339849.pdf
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Institution: Singapore Management University
Language: English
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