IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6463-036-7_196.html

Controlling SHAreholder's Equity Pledge and Share Repurchase Preview

In: Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

Author

Listed:
  • JiaNi Xie

    (Guangdong University of Finance &Economics, Department of Accounting)

  • LiMei Cao

    (Guangdong University of Finance &Economics, Department of Accounting)

Abstract

With the growth of equity pledge scale, enterprises are constantly exploring risk resolution methods. After the revision of the company law in 2018, the conditions for share repurchase were gradually relaxed, and the number of listed companies announcing the implementation of share repurchase increased rapidly. The pledge of controlling shareholders' equity will not only change the behavior of controlling shareholders, but also affect the share repurchase behavior of listed companies.This paper uses controlling shareholders' equity pledges as a perspective to explore whether the demands of major shareholders to maintain the security of control of listed companies in China affect the probability of listed companies to issue share repurchase forecasts. Using Chinese A-share listed companies from 2012 to 2019 as a sample, the conclusions of this paper are as follows: controlling shareholder equity pledges significantly increase the probability of listed companies issuing share repurchase forecasts, and that the above relationship is affected by the quality of company information disclosure and power balance with shareholder structure.

Suggested Citation

  • JiaNi Xie & LiMei Cao, 2022. "Controlling SHAreholder's Equity Pledge and Share Repurchase Preview," Advances in Economics, Business and Management Research, in: Yushi Jiang & Yuriy Shvets & Hrushikesh Mallick (ed.), Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), pages 1330-1339, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-036-7_196
    DOI: 10.2991/978-94-6463-036-7_196
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advbcp:978-94-6463-036-7_196. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.