图书介绍
关联交易和公司业绩pdf电子书版本下载
- 郭飞著 著
- 出版社： 北京：清华大学出版社
- ISBN：9787302370765
- 出版时间：2014
- 标注页数：151页
- 文件大小：54MB
- 文件页数：163页
- 主题词：上市公司－经济关系－研究－中国－英文
PDF下载
下载说明
关联交易和公司业绩PDF格式电子书版下载
下载的文件为RAR压缩包。需要使用解压软件进行解压得到PDF格式图书。建议使用BT下载工具Free Download Manager进行下载,简称FDM(免费,没有广告,支持多平台）。本站资源全部打包为BT种子。所以需要使用专业的BT下载软件进行下载。如 BitComet qBittorrent uTorrent等BT下载工具。迅雷目前由于本站不是热门资源。不推荐使用！后期资源热门了。安装了迅雷也可以迅雷进行下载！
（文件页数 要大于 标注页数，上中下等多册电子书除外）
注意：本站所有压缩包均有解压码： 点击下载压缩包解压工具
图书目录
CHAPTER ONE Introduction 1
1.1 Overview and Objectives 1
1.2 Research Questions 7
1.3 Significance of the Study 8
1.4 Organisation of the Study 10
CHAPTER TWO Theory Review 11
2.1 Introduction 11
2.2 Dispersed Ownership and Agency Conflict 12
2.3 Concentrated Ownership and Theories for Ownership Discrepancy 14
2.4 Advantages and Disadvantages of Concentrated Ownership 20
2.5 Private Benefits of Control 26
2.5.1 What Are Private Benefits of Control? 26
2.5.2 Defence of Private Benefits of Control 27
2.6 Group Affiliation and Internal Markets 28
2.7 Summary 31
CHAPTER THREE Institutional Background 32
3.1 Introduction 32
3.2 Reform of SOEs and Share Issue Privatisation 33
3.3 State Ownership and Agency Conflict 35
3.4 Equity Division(Share Split Structure) 36
3.5 Legal and Institutional Infrastructure 38
3.6 Listing Quota and RPTs 40
3.7 Summary 42
CHAPTER FOUR Literature Review 44
4.1 Introduction 44
4.2 Definitions of Tunnelling and Propping 45
4.3 Consequences of Tunnelling and Propping 47
4.3.1 Consequences of Tunnelling 47
4.3.2 Consequences of Propping 50
4.4 Studies on Tunnelling 51
4.5 Summary 58
CHAPTER FIVE Hypotheses Development 60
5.1 Introduction 60
5.2 Tunnelling Hypotheses 60
5.3 Propping Hypothesis 69
5.4 Value Effects of Tunnelling and Propping 71
5.5 Summary 73
CHAPTER SIX Research Design and Methodology 74
6.1 Introduction 74
6.2 Sample Selection 74
6.3 Variable Definition 76
6.3.1 Definition of RPTs 76
6.3.2 Definitions of Control Rights,Controlling Shareholder,Ownership Type and Pyramid 79
6.3.3 Definition of Other Blockholders 83
6.3.4 Definition of Investment Opportunity 84
6.3.5 Definition of Firms in Financial Distress 84
6.3.6 Definition of Firm Performance 85
6.3.7 Measurement of Control Variables 86
6.4 Empirical Models 89
6.5 Summary 90
CHAPTER SEVEN Results and Discussion 91
7.1 Introduction 91
7.2 Descriptive Statistics 91
7.3 Test of Regression Assumptions 100
7.4 Regression Results and Discussion 103
7.4.1 Evidence of Tunnelling and Propping 103
7.4.2 Effect of Tunnelling and Propping on Operating Performance 111
7.4.3 Effect of Tunnelling and Propping on Firm Valuation 114
7.5 Robustness Test 118
7.5.1 Control Rights Threshold 118
7.5.2 Relationship between Tunnelling,Propping and ST 120
7.5.3 Endogeneity of Ownership,Tunnelling and Propping Variables 125
7.6 Limitations 129
7.7 Summary 130
CHAPTER EIGHT Conclusions and Policy Implications 132
8.1 Conclusions 132
8.2 Implications of Findings 134
8.3 Avenues for Future Research 136
References 139
Appendix 1 A Typical State Owned Pyramidal Structure in China 150
Appendix 2 A Typical Private Controlled Pyramidal Structure in China 151