Governance Role of Different Types of State-Share Holders: Evidence from China's Listed Companies

• Main Author: WANG, Jiwei
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2003
• Subjects: Accounting; Asian Studies; Business Law, Public Responsibility, and Ethics
• Online Access: https://ink.library.smu.edu.sg/soa_research/295; http://lbxml.ust.hk/th_imgo/b796733.pdf
• Institution: Singapore Management University

This thesis extends the literature on the role of state ownership by distinguishing the governance roles of two types of state-share holders in China’s listed companies. Government agencies that act as state-share holders (“GA shareholders”) are detrimental to firm value according to both the politi...