Post-privatization corporate governance and firm performance: The role of private ownership concentration, identity and board composition

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Ownership Structure and Risk-Taking: Comparative Evidence from Private and State-Controlled Banks in China (2014, methodology): “The CR3 variable is defined as the sum of the percentages of shares owned by the largest three shareholders and is used as an alternative ownership concentration measure in the robustness checks (Demsetz and Villalonga, 2001; Omran, 2009).”
Governance, Efficiency and Risk Taking in Chinese Banking (2017, unknown): “Many studies have found that ownership concentration could significantly influence banks’ performance (e.g. Laeven & Levine, 2009; Omran, 2009; Dong et al., 2014).”