Full-Text Search:
Home|Journal Papers|About CNKI|User Service|FAQ|Contact Us|中文
《Commercial Research》 2008-06
Add to Favorite Get Latest Update

A Study of the Relationship between Big Shareholder′s Tunneling & Propping Listed Companies and their Business Performance

HOU Xiao-hong(School of Management,China University of Mining and Technology,Xuzhou 221116,China)  
This paper studies the characteristics of big shareholder's tunneling listed companies by sampling the data of the capital tied up and used by big shareholders from 1998 to 2003 in Chinese A share stock market.These big shareholders can be grouped into three categories,one is to support,the other is to expropriate,the third has nothing to do with their firms in capital.They are found there are distinct disparities among their business performances.The result shows that the tunneling of big shareholders obviously sets back the business performance in both accounting and market,the propping of big shareholders only distinctly enhances the business performance in accounting,but their performance in market is not obviously improved.
【Fund】: 国家社会科学基金 项目编号:07BJY028;; 江苏省教育厅高校哲学社会科学研究项目 项目编号:06SJD630058
【CateGory Index】: F276.6
Download(CAJ format) Download(PDF format)
CAJViewer7.0 supports all the CNKI file formats; AdobeReader only supports the PDF format.
©2006 Tsinghua Tongfang Knowledge Network Technology Co., Ltd.(Beijing)(TTKN) All rights reserved