Tunneling through non-operational fund occupancy: An investigation based on officially identified activities
In this paper, we investigate the problem of controlling shareholder Non-Operational Fund Occupancy (NOFO) in China, where controlling shareholders directly take funds away from listed firms without matching business transactions. The NOFO problem was an evident and widely used tunneling activity in...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2015
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1671 https://ink.library.smu.edu.sg/context/soa_research/article/2698/viewcontent/1_s20_S0929119914001278_main__1_.pdf |
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| Institution: | Singapore Management University |
| Language: | English |