The Class of Shareholdings and its Impacts on Corporate Performance: A Case of State Shareholding Composition in Chinese Public Corporations

By Guy S. Liu, Pei Sun. 2005

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Varieties in state capitalism and corporate innovation: Evidence from an emerging economy (2021, background): “…controlling shareholder and the minority shareholders because, in China, the divergence between the controlling owners ’ cash flow rights and voting rights is mostly maintained through pyramid structures (Liu and Sun, 2005; Gugler et al., 2008; Fan et al., 2011; Claessens and Yurtoglu, 2013).”
A comparative analysis of the internationalization of Chinese and Japanese firms (2009, background): “Lin and Sun (2005) found that the state effectively controlled all Chinese listed companies through majority shareholding (an average of 82%) and appointment of board directors.”
Firm Profitability, State Ownership, and Top Management Turnover at the Listed Firms in China: A Behavioral Perspective (2009, unknown): “privatized firms (Sun and Tong, 2003; Gupta, 2005; Liu and Sun, 2005; Wei et al, 2005).”
A New Perspective on Ownership Identities in China's Listed Companies (2006, background): “In this sense, the category of legal person shares © 2006 The Authors Journal compilation © Blackwell Publishing Ltd. 2006 can be an ineffective measure when discussing the relationship between ownership identity and firm performance (Liu and Sun, 2005).”