The Relationship Between Valuation and Ownership of Listed Firms in China

By Martin Hovey, Larry Li, Tony Naughton. 2003

152 citations recorded by the source corpus.

Subfields: Accounting

View Paper: https://www.semanticscholar.org/paper/b52429d75eb8039372ff532572e715aceadb74e3

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. H. Hu
2. M. Tan
3. Nazli Anum Mohd Ghazali
4. Junxi Zhang
5. Hua Zhang
6. Shiguang Ma
7. W. Ruan
8. G. Palaniappan

Citations in the corpus

• Managerial Ownership, Capital Structure and Firm Value: Evidence from China’s Civilian-run Firms (2011, methodology): “This study uses Tobin’s Q as a proxy of firm value, following the finance and accounting literature (see for example, Davies et al. 2005; Hovey et al. 2003; McConnell & Servaes 1990, 1995; Morck et al. 1988).”
• Internal governance mechanisms and firm performance in China (2009, methodology): “…instead of the conventional approach of searching for a relationship between ownership types and firm performance in most of the earlier studies (Hovey et al., 2003; Wei & Varela, 2003; Xu & Wang, 1997), we compare the performance impact of different types of ownership, thus adding depth to the…”
• Ownership structure, corporate governance and corporate performance in Malaysia (2010, background): “Hovey et al. (2003) documented evidence that state ownership in China did not have explanatory power on corporate performance.”
• Private vs State Ownership and Earnings Management: evidence from Chinese listed companies (2007, background): “Although legally these enterprises are collective and therefore not private, because private ownership has not been well-protected in China, many TVEs are actually private firms in disguise.”
• Determinants of corporate financial performance relating to board characteristics of corporate governance in Indian manufacturing industry: An empirical study (2017, result): “…significant relationship between corporate governance practices and firm performance in various countries; in contrast, based on the studies of Gugler et al. (2001), Hovey et al. (2003) and Alba et al. (1998), there was no significant relationship between corporate governance and firm performance.”