Split-share reforms and capital structure adjustment in China: a dynamic panel fractional estimation
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DOI: 10.1108/jes-03-2019-0096
Abstract: PurposeThe purpose of this study is to explain the adjustment rate toward the target capital structure of Chinese nonfinancial listed firms and to investigate the impacts of the split-share reforms (2005–2006) on the capital structure… read more here.
Keywords: share reforms; capital structure; capital; split share ... See more keywords
Political Pressure or Rent Seeking? The Role of Mutual Funds in China's Split Share Structure Reform
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DOI: 10.1111/1467-8454.12125
Abstract: In this paper, we provide further evidence on the role of mutual funds in China using the split share structure reform as an experiment. We find no supportive evidence for the political pressure hypothesis of… read more here.
Keywords: rent seeking; mutual funds; split share; funds china ... See more keywords