How Much Concentration is Good for Minority Shareholders? Evidence from Chinese Companies

Using moderation and mediation analyses, we examine when and how a concentrated ownership structure might be beneficial for minority shareholders in China's stock markets. Our findings suggest that a median level of ownership concentration in Chinese private companies enhances earnings informativeness, leading not only to increased profitability but also to greater information incorporated into share prices

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Year of publication:	[2023]
Authors:	WANG, CHAOYAN ; Tian, Yang
Publisher:	[S.l.] : SSRN
Subject:	China \| Aktionäre \| Shareholders \| Minderheitsaktionäre \| Minority shareholders \| Eigentümerstruktur \| Ownership structure \| Unternehmenskonzentration \| Market concentration \| Aktiengesellschaft \| Listed company

Extent:	1 Online-Ressource (10 p)
Type of publication:	Book / Working Paper
Language:	English
Other identifiers:	10.2139/ssrn.4518089 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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