The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Political Connections and Minority-Shareholder Protection: Evidence from Securities-Market Regulation in China
Open accessAbstract
We examine the wealth effects of 3 regulatory changes designed to improve minority-shareholder protection in the Chinese stock markets. Using the value of a firm’s related-party transactions as an inverse proxy for the quality of corporate governance, wefind that firms with weaker governance experienced significantly larger abnormal returns around announcements of the new regulations than did firms with stronger governance. We also find that firms with strong ties to the government did not benefit from the regulations, suggesting that minority shareholders did not expect regulators to enforce the new rules on firms where blockholders have strong political connections.
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Cites
La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. W. (1998) · Journal of Political Economy · doi:10.1086/250042 · Cited by 18,025
A Survey of Corporate Governance
Shleifer, A., & Vishny, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb04820.x · Cited by 16,243
Investor protection and corporate governance
La Porta, R., Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00065-9 · Cited by 6,848
Institutions, ownership, and finance: the determinants of profit reinvestment among Chinese firms
CULL, R., & XU, L. (2005) · Journal of Financial Economics · doi:10.1016/j.jfineco.2004.05.010 · Cited by 1,023
Cited by
Corporate Governance in China: A Survey
Jiang, F., & Kim, K. A. (2020) · Review of Finance · doi:10.1093/rof/rfaa012 · Cited by 815
Cull, R., Li, W., Sun, B., & Xu, L. C. (2015) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2014.10.012 · Cited by 585
Do school ties between auditors and client executives influence audit outcomes?
Guan, Y., Su, L. (., Wu, D., & Yang, Z. (2016) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2015.09.003 · Cited by 412
Does institutional ownership influence firm performance? Evidence from China
Lin, Y. R., & Fu, X. M. (2017) · International Review of Economics & Finance · doi:10.1016/j.iref.2017.01.021 · Cited by 344
Metadata
- Authors
- Berkman, H., Cole, R. A., & Fu, L. J.
- Venue
- Journal of Financial and Quantitative Analysis
- Publisher
- Cambridge University Press (CUP)
- Published
- 2010-09-21
- Volume
- 45
- Issue
- 6
- Pages
- 1391-1417
- ISSN
- 0022-1090 (ISSN-L)
- 1756-6916
- OpenAlex
- W2283460118
- Cited by
- 336
- References
- 4
- FWCI
- 51.77
- Type
- journal article
- Language
- en
- Open access
- green
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- Berkman, H., Cole, R. A., & Fu, L. J. (2010). Political Connections and Minority-Shareholder Protection: Evidence from Securities-Market Regulation in China. Journal of Financial and Quantitative Analysis. https://doi.org/10.1017/s0022109010000608
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