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Cited by 1,593

The DOI matches its Crossref record; 38 of the 38 references it cites were found in a registry or an index.

Tunneling through intercorporate loans: The China experience☆

Jiang, Guohua, Lee, Charles M.C., Yue, Heng·2010·Journal of Financial Economics
DOI 10.1016/j.jfineco.2010.05.002
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Abstract

This study investigates a particularly brazen form of corporate abuse, in which controlling shareholders use intercorporate loans to siphon billions of RMB from hundreds of Chinese listed companies during the 1996-2006 period. We document the nature and extent of these transactions, evaluate their economic consequences, examine factors that affect their cross-sectional severity, and report on the mitigating roles of auditors, institutional investors, and regulators. Collectively, our findings shed light on the severity of the minority shareholder expropriation problem in China, as well as the relative efficacy of various legal and extra-legal governance mechanisms in that country.

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Metadata

Authors
Jiang, G., Lee, C. M. C., & Yue, H.
Venue
Journal of Financial Economics
Publisher
Elsevier BV
Published
2010-10
Volume
98
Issue
1
Pages
1-20
ISSN
0304-405X (ISSN-L)
DOI
10.1016/j.jfineco.2010.05.002
OpenAlex
W2113942631
Cited by
1,593
References
38
FWCI
140.68
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Tunneling through intercorporate loans: The China experience☆. https://app.cochat.ai/papers/10.1016/j.jfineco.2010.05.002
The paper
Jiang, G., Lee, C. M. C., & Yue, H. (2010). Tunneling through intercorporate loans: The China experience☆. Journal of Financial Economics. https://doi.org/10.1016/j.jfineco.2010.05.002

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.