Does Expropriation of Large Shareholders Change Corporate Investment Behaviors? Evidence from Chinese Listed Companies
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DOI: 10.1080/1226508x.2020.1792330
Abstract: ABSTRACT This paper presents a three-period dynamic model establishing the expropriation-investment relation for firms with financing constraints. Focusing on Chinese listed companies, we find that firms with less tight financing constraints overinvest before expropriation if… read more here.
Keywords: expropriation; chinese listed; listed companies; expropriation large ... See more keywords