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- W2352453614 abstract "By asserting that the corporate risk-taking is a reflection of agency problem, this paper conducts an empirical research involving subjects in China's stock market from 1998 to 2008, which helped unleash the relation between state dominant shareholders and corporate risk-taking and that between the separation of cash flow right and voting right and corporate risk-taking. The result helps state-owned enterprises focus on corporate risk-taking so as to enhance their innovative capability and improve performance by innovating. Additionally, it is helpful to ensure and improve firms' value by strengthening the supervision on the dominant shareholder to take the reasonable risk for the enterprise." @default.
- W2352453614 created "2016-06-24" @default.
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- W2352453614 date "2014-01-01" @default.
- W2352453614 modified "2023-09-24" @default.
- W2352453614 title "Nature of Ownership, the Separation of Cash Flow Right and Voting Right and Corporate Risk-taking——Based on the Second Agency Problem" @default.
- W2352453614 hasPublicationYear "2014" @default.
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