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- W2368805983 abstract "The paper empirically investigates the relationship between CEO power and overinvestment under the condition of environmental uncertainty by analyzing A- share listed firms between 2005 and2012. The study indicates that the properties of ultimate shareholders have significant influence on the relationship between CEO power and overinvestment. Overinvestment is positively related to CEO power among privately controlled listed firms,whereas overinvestment is negatively related to CEO power among government- controlled ones. Environmental uncertainty will exacerbate the overinvestment induced by CEO pow-er among government- controlled listed firms,while environmental uncertainty will result in the opposite effect among privately controlled ones." @default.
- W2368805983 created "2016-06-24" @default.
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- W2368805983 date "2015-01-01" @default.
- W2368805983 modified "2023-10-01" @default.
- W2368805983 title "Environmental Uncertainty,CEO Power and Overinvestment" @default.
- W2368805983 hasPublicationYear "2015" @default.
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