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- W2393461775 abstract "With data of Chinese non-financial listed companies through 2001-2006,this paper defines the ultimate controller of the state-owned enterprise as the central government and the local government according to government level.The research is based on the institutional background of the current state-owned enterprise administrative system and the deploy plan,and finds that the value of cash holdings is higher for listed companies controlled by the central government than those controlled by local government.This difference results from the fact that listed companies controlled by the central government grow faster and have more investment opportunities and higher investment return than those controlled by local governments." @default.
- W2393461775 created "2016-06-24" @default.
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- W2393461775 date "2012-01-01" @default.
- W2393461775 modified "2023-10-15" @default.
- W2393461775 title "Government Control,Corporate Growth and the Value of Cash Holdings" @default.
- W2393461775 hasPublicationYear "2012" @default.
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