Li, Cailing; Lin, Dongjie - In: China journal of accounting research : CJAR 14 (2021) 1, pp. 63-81
A major risk currently facing the Chinese economy is overcapacity, which affects the efficiency of social resource … controlling shareholders compared with those in non-overcapacity industries. Analysis of the mechanism revealed that state … value. This study enriches the literature on overcapacity and internal capital markets by demonstrating that internal …