Causes and Consequences of Corporate Assets Exchange by China’s Listed Companies

• المؤلفون الرئيسيون: WANG, Jiwei, Yuan, Hongqi
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2010
• الموضوعات: Assets exchange; Tunneling; Propping; China; Accounting; Asian Studies; Business Law, Public Responsibility, and Ethics; Corporate Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/789; http://efmaefm.org/0EFMSYMPOSIUM/Renmin-2011/papers/Wang.pdf
• المؤسسة: Singapore Management University

China’s listed companies often exchange corporate assets with their unlisted affiliates such as parent companies, which is rarely observed in their American counterparts. We find that listed companies which are incompletely restructured from former state-owned enterprises tend to exchange more profi...