Tunneling through intercorporate loans: The China experience

Tunneling through intercorporate loans: The China experience

This study investigates a particularly brazen form of corporate abuse, in which controlling shareholders use intercorporate loans to siphon billions of RMB from hundreds of Chinese listed companies during the 1996 to 2006 period. We document the nature and extent of these transactions, evaluate thei...

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Bibliographic Details
Main Authors: JIANG, Guohua, LEE, Charles M. C., YUE, Heng
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2009
Subjects:
Accounting
Asian Studies
Corporate Finance
International Economics
Online Access:https://ink.library.smu.edu.sg/soa_research_all/8
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1007&context=soa_research_all
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soa_research_all/8
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1007&context=soa_research_all

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