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- W2383558344 abstract "Using the data of pyramid structure of listed companies from 2003 to 2004,this paper systematically studies the impacts of separation of ownership and layer structure on interest losses of small shareholders.The results indicate that,although pyramid structures among listed companies are popular,the influences of separation of ownership and layer structure on interest losses of small shareholders differ a lot,owing to different nature of ownership.Only in those private-owned listed companies,the separation of control right and cash flow right,and the lever of control layers have significant influences on interest losses of small shareholders,which is not common in those state-owned listed companies.This could be due to the different forming causes of pyramid structures under different ownership." @default.
- W2383558344 created "2016-06-24" @default.
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- W2383558344 date "2008-01-01" @default.
- W2383558344 modified "2023-09-23" @default.
- W2383558344 title "Pyramid Structure、 Ownership and Small Shareholders' Interest Protection——Evidence from Listed Companies in China" @default.
- W2383558344 hasPublicationYear "2008" @default.
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