Matches in SemOpenAlex for { <https://semopenalex.org/work/W2158442514> ?p ?o ?g. }
- W2158442514 endingPage "121" @default.
- W2158442514 startingPage "103" @default.
- W2158442514 abstract "In this paper we investigate the relationship between family ownership structure and corporate value across a sample of 1314 firm-year observations of China’s family publicly listed companies (PLCs), from 2004 to 2008. We find a significant inverse-U-shaped relationship between the controlling family’s ultimate cash-flow rights and corporate value; as measured by Tobin’s Q. That is, as family-ownership concentration increases, corporate value first increases and then decreases. This finding refreshes our understanding of the relationship between family-ownership concentration and corporate value in emerging economies such as found in China. We corroborate prior findings that when controlling families hold excess control over cash-flow rights, corporate value is significantly lowered, while multiple large shareholders structure is significantly associated with higher corporate value. In addition; board independence is found to significantly improve corporate value in the context of family-concentrated ownership. We also test for potential endogeneity between family ownership and corporate value and find our results to be robust." @default.
- W2158442514 created "2016-06-24" @default.
- W2158442514 creator A5038923039 @default.
- W2158442514 creator A5046670716 @default.
- W2158442514 date "2014-02-28" @default.
- W2158442514 modified "2023-10-04" @default.
- W2158442514 title "Family-Concentrated Ownership in Chinese PLCs: Does Ownership Concentration Always Enhance Corporate Value?" @default.
- W2158442514 cites W1531758582 @default.
- W2158442514 cites W1606272114 @default.
- W2158442514 cites W1970709400 @default.
- W2158442514 cites W1982923226 @default.
- W2158442514 cites W1991795148 @default.
- W2158442514 cites W2000837384 @default.
- W2158442514 cites W2023841042 @default.
- W2158442514 cites W2061156833 @default.
- W2158442514 cites W2079280732 @default.
- W2158442514 cites W2111558694 @default.
- W2158442514 cites W2120744852 @default.
- W2158442514 cites W2135241016 @default.
- W2158442514 cites W2139990942 @default.
- W2158442514 cites W2505532911 @default.
- W2158442514 cites W2752617332 @default.
- W2158442514 cites W2890995502 @default.
- W2158442514 cites W3121297842 @default.
- W2158442514 cites W3121332075 @default.
- W2158442514 cites W3121693921 @default.
- W2158442514 cites W3122328547 @default.
- W2158442514 cites W3122419220 @default.
- W2158442514 cites W3122602955 @default.
- W2158442514 cites W3122794793 @default.
- W2158442514 cites W3123085623 @default.
- W2158442514 cites W3123091495 @default.
- W2158442514 cites W3123473317 @default.
- W2158442514 cites W3123515658 @default.
- W2158442514 cites W3123748565 @default.
- W2158442514 cites W3124055077 @default.
- W2158442514 cites W3124737349 @default.
- W2158442514 cites W3124747412 @default.
- W2158442514 cites W3124859647 @default.
- W2158442514 cites W3124948273 @default.
- W2158442514 cites W3125020184 @default.
- W2158442514 cites W3125028901 @default.
- W2158442514 cites W3125191349 @default.
- W2158442514 cites W3126071698 @default.
- W2158442514 cites W3126111449 @default.
- W2158442514 cites W4232286240 @default.
- W2158442514 doi "https://doi.org/10.3390/ijfs2010103" @default.
- W2158442514 hasPublicationYear "2014" @default.
- W2158442514 type Work @default.
- W2158442514 sameAs 2158442514 @default.
- W2158442514 citedByCount "7" @default.
- W2158442514 countsByYear W21584425142015 @default.
- W2158442514 countsByYear W21584425142018 @default.
- W2158442514 countsByYear W21584425142019 @default.
- W2158442514 countsByYear W21584425142020 @default.
- W2158442514 countsByYear W21584425142022 @default.
- W2158442514 countsByYear W21584425142023 @default.
- W2158442514 crossrefType "journal-article" @default.
- W2158442514 hasAuthorship W2158442514A5038923039 @default.
- W2158442514 hasAuthorship W2158442514A5046670716 @default.
- W2158442514 hasBestOaLocation W21584425141 @default.
- W2158442514 hasConcept C10138342 @default.
- W2158442514 hasConcept C105795698 @default.
- W2158442514 hasConcept C120757647 @default.
- W2158442514 hasConcept C121087249 @default.
- W2158442514 hasConcept C121955636 @default.
- W2158442514 hasConcept C144133560 @default.
- W2158442514 hasConcept C149782125 @default.
- W2158442514 hasConcept C151730666 @default.
- W2158442514 hasConcept C162324750 @default.
- W2158442514 hasConcept C163428354 @default.
- W2158442514 hasConcept C17744445 @default.
- W2158442514 hasConcept C185592680 @default.
- W2158442514 hasConcept C191935318 @default.
- W2158442514 hasConcept C198531522 @default.
- W2158442514 hasConcept C199539241 @default.
- W2158442514 hasConcept C23032112 @default.
- W2158442514 hasConcept C2776291640 @default.
- W2158442514 hasConcept C2779343474 @default.
- W2158442514 hasConcept C33923547 @default.
- W2158442514 hasConcept C39389867 @default.
- W2158442514 hasConcept C43617362 @default.
- W2158442514 hasConcept C556758197 @default.
- W2158442514 hasConcept C610760 @default.
- W2158442514 hasConcept C86803240 @default.
- W2158442514 hasConceptScore W2158442514C10138342 @default.
- W2158442514 hasConceptScore W2158442514C105795698 @default.
- W2158442514 hasConceptScore W2158442514C120757647 @default.
- W2158442514 hasConceptScore W2158442514C121087249 @default.
- W2158442514 hasConceptScore W2158442514C121955636 @default.
- W2158442514 hasConceptScore W2158442514C144133560 @default.
- W2158442514 hasConceptScore W2158442514C149782125 @default.
- W2158442514 hasConceptScore W2158442514C151730666 @default.
- W2158442514 hasConceptScore W2158442514C162324750 @default.
- W2158442514 hasConceptScore W2158442514C163428354 @default.
- W2158442514 hasConceptScore W2158442514C17744445 @default.
- W2158442514 hasConceptScore W2158442514C185592680 @default.
- W2158442514 hasConceptScore W2158442514C191935318 @default.