Share pledges and firm value
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Abstract
Suggested Citation
DOI: 10.1016/j.pacfin.2019.04.001
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Cited by:
- Wang, Xiaoqiong & Zhen, Hongxian & Zhu, Feifei, 2023. "Voting with their feet: Controlling shareholders' share pledging and other major shareholders' strategic response," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
- Li, Tao & Xiang, Cheng & Liu, Zhuo & Cai, Wenwu, 2020. "Annual report disclosure timing and stock price crash risk," Pacific-Basin Finance Journal, Elsevier, vol. 62(C).
- Hongmei Xu, 2021. "Share Pledging and Firm Cash Holdings: Evidence from Chinese A-share Listed Firms," Applied Finance and Accounting, Redfame publishing, vol. 7(2), pages 41-59, December.
- Guo, Kai & Ke, Bin & Tang, Song, 2023. "Private firms' financial constraints and share pledging by controlling shareholders of publicly listed firms: Evidence from China," Journal of Corporate Finance, Elsevier, vol. 80(C).
- Li, Tangrong & Sun, Xuchu, 2023. "Is controlling shareholders' credit risk contagious to firms? — Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 77(C).
- Zhu, Bing & Xia, Xiaoxue & Zheng, Xiaojia, 2021. "One way out of the share pledging quagmire: Evidence from mergers and acquisitions," Journal of Corporate Finance, Elsevier, vol. 71(C).
- Zhou, Jingting & Li, Wanli & Yan, Ziqiao & Lyu, Huaili, 2021. "Controlling shareholder share pledging and stock price crash risk: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 77(C).
- Pang, Caiji & Wang, Ying, 2020. "Stock pledge, risk of losing control and corporate innovation," Journal of Corporate Finance, Elsevier, vol. 60(C).
- Wang, Qiong & Qiu, Muqing & Tan, Wenhao, 2020. "Does insiders share pledging stifle innovation? Evidence from China," International Review of Financial Analysis, Elsevier, vol. 72(C).
- Ni, Zaiwen & Fang, Libing & Liu, Haiyue & Lu, Xinyu, 2022. "Performance and risk of energy industrial firms with stock pledge in China," Finance Research Letters, Elsevier, vol. 46(PB).
- Hou, Xipei & Shen, Yinjie(Victor) & Xing, Jing & Zhou, Fuzhao, 2023. "Hastily announced: Mergers and acquisitions with pledging shareholders," Journal of Financial Stability, Elsevier, vol. 67(C).
- Hu, Jun & Long, Wenbin & Luo, Le & Peng, Yuanhuai, 2021. "Share pledging and optimism in analyst earnings forecasts: Evidence from China," Journal of Banking & Finance, Elsevier, vol. 132(C).
- Shen, Haomin & Cheng, Xiaoke & Ouyang, Caiyue & Li, Ya & Chan, Kam C., 2022. "Does share pledging affect firms' use of derivatives? Evidence from China," Emerging Markets Review, Elsevier, vol. 50(C).
- Jiang, Fuxiu & Xia, Xiaoxue & Zheng, Xiaojia, 2021. "Does controlling shareholders' share pledging raise suppliers' eyebrows?," Pacific-Basin Finance Journal, Elsevier, vol. 66(C).
- Xin Hong & Yang Hu & Wanting Zhang, 2022. "Share pledge risk and government bailout fund," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(5), pages 4831-4848, December.
- Xu, Jingjing & Huang, Haijie, 2021. "Pay more or pay less? The impact of controlling shareholders' share pledging on firms' dividend payouts," Pacific-Basin Finance Journal, Elsevier, vol. 65(C).
- Chang, Jeffery (Jinfan) & Meng, Qingbin & Ni, Xiaoran, 2022. "A tale of riskiness: The real effects of share pledging on the Chinese stock market," Pacific-Basin Finance Journal, Elsevier, vol. 73(C).
- Li, Ziyang & Han, Ning & Zeng, Qing & Li, Yu, 2022. "Executive team heterogeneity, equity pledges, and stock Price crash risk: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 84(C).
- Qin, Xiao & Wang, Ze, 2023. "Share pledge financing network and systemic risks: Evidence from China," Journal of Banking & Finance, Elsevier, vol. 152(C).
- Feng, Yitian, 2023. "Do listed companies fulfill their public commitments? Evidence from the stake-raising commitments of Chinese companies," Pacific-Basin Finance Journal, Elsevier, vol. 77(C).
- Zijian Cheng & Zhangxin (Frank) Liu & Yupu Sun, 2021. "Share pledging and financial constraints in China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(3), pages 4147-4189, September.
- He, Mingfeng & Huang, Dengshi & Zhou, Jianan, 2023. "The impacts of share pledging on firm investment timing and valuation," International Review of Financial Analysis, Elsevier, vol. 87(C).
More about this item
Keywords
Share pledging; Firm value; Corporate governance; Tobin's Q;All these keywords.
JEL classification:
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
- G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
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