Control Transfers, Privatization, and Corporate Performance: Efficiency Gains in China's Listed Companies

By Gong-meng Chen, Michael Firth, Y. Xin, Liping Xu. Journal of Financial and Quantitative Analysis, 2008

193 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/7597b50fa6339f3052e4d39acb2b7210825e1a35

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Citations in the corpus

The effect of government quality on corporate cash holdings (2014, unknown): “Third, we enrich the literature (e.g., see Cull and Xu, 2005; Fan et al., 2007; Chen et al., 2008; Lin, Lin and Zou, 2012; Firth et al., 2013; Zou and Adams, 2008; Ayyagari et al., 2010) on corporate finance in China, a large and growing economic power, by providing evidence on the cash holding…”
Corporate Governance Research on Listed Firms in China: Institutions, Governance and Accountability (2016, background): “In the second paper Chen et al. [2013], they use a sample of statecontrolled Red-chip firms in Hong Kong between 1990 and 2005 and find that the directors forfeited a significant portion of their vested inthe-money stock options.”
Family Firm Research – A Review (2014, unknown): “Consistent with their conjecture, Chen et al. (2008a) document that family firms provide more earnings warnings than non-family firms.”
Player and Referee Roles Held Jointly: The Effect of State Ownership on China’s Regulatory Enforcement Against Fraud (2010, background): “Given the institutional features that the state still retains some ownership in many privatised firms i.e. non-SOEs (Chen et al., 2008), and the evidence that state ownership holds back the information environment (Gul et al., 2010), corporate governance (Cheung et al., 2010), and consequently…”
Friend or Foe? The Role of State and Mutual Fund Ownership in the Split Share Structure Reform in China (2010, unknown): “Company ownership structure in China is highly concentrated by international standards, and the largest shareholder usually has effective control over the firm (Chen et al. (2008)).”
The effect of institutional ownership on firm innovation: Evidence from Chinese listed firms (2017, background): “The largest shareholder usually controls the firm effectively (Chen et al., 2008).”
Firm Profitability, State Ownership, and Top Management Turnover at the Listed Firms in China: A Behavioral Perspective (2009, unknown): “Another study (Chen et al., 2008) finds that a change in the largest shareholder at the listed firms in China has a positive effect on firm profitability when control is passed from a state entity to a private entity, but has no effect when control is passed from one state entity to another state en”
The relationship among information asymmetry, dividend policy and ownership structure (2017, background): “In addition, firms with concentrated ownership may disclose less information, making the problem of information asymmetry between the management and external shareholders more severe (Attig et al., 2006; Chen et al., 2008).”
Does the type of ownership control matter? Evidence from China's listed companies (2009, methodology): “We use operating earnings rather than net income because the latter measure is prone to manipulation (Chen et al., 2008).”
The Real and Accrual-based Earnings Management Behaviors: Evidence from the Split Share Structure Reform in China (2014, background): “They are less concerned with the quality of public accounting information as firms' share price is irrelevant to their wealth (Chen et al., 2008).”