The Relationship Between Valuation and Ownership of Listed Firms in China
AbstractThis paper investigates the relationship between firm performance and corporate governance in China. Firm performance is measured by Tobin's "Q", while corporate governance is determined based on ownership structure and concentration. Prior research, in both China and elsewhere, indicates that ownership structure and concentration have a significant impact on firm performance. The paper builds on previous studies by investigating the complex structure of different share classes that are typical of Chinese listed firms. Copyright Blackwell Publishing Ltd 2003.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Corporate Governance.
Volume (Year): 11 (2003)
Issue (Month): 2 (04)
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