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dc.contributor.authorGunasekarage, Abeyratna
dc.contributor.authorHess, Kurt
dc.contributor.authorHu, Amity
dc.date.accessioned2009-02-01T23:04:00Z
dc.date.available2009-02-01T23:04:00Z
dc.date.issued2007
dc.identifier.citationGunasekarage, A., Hess, K. & Hu, A. (2007). The influence of the degree of state ownership and the ownership concentration on the performance of listed Chinese companies. Research in International Business and Finance, 21(3), 379-395.en
dc.identifier.urihttps://hdl.handle.net/10289/1966
dc.description.abstractThis study investigates the influence of the degree of state ownership and ownership concentration on firm performance using annual data for 1034 companies listed on China's two exchanges for the period from 2000 to 2004. We find that, on average, the firms’ performance is negatively influenced by the state ownership. However, such a negative relationship is significant only at high levels of government ownership. Moreover, we find that a balanced ownership structure enhances the firm performance and there are indications of detrimental effects of block ownership.en
dc.language.isoen
dc.publisherJ A I Press Incen_NZ
dc.subjectownership structureen
dc.subjectcorporate performanceen
dc.subjectChinese equity marketen
dc.titleThe influence of the degree of state ownership and the ownership concentration on the performance of listed Chinese companiesen
dc.typeJournal Articleen
dc.identifier.doi10.1016/j.ribaf.2007.02.002en
dc.relation.isPartOfResearch in International Business and Financeen_NZ
pubs.begin-page379en_NZ
pubs.elements-id32525
pubs.end-page395en_NZ
pubs.issue3en_NZ
pubs.volume21en_NZ


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