shareholders in tunnelling, conducting covert methods such as share price discounts and offering cash dividends. This could be … asset tunnelling. The findings contribute to the research on the economic consequences of supplier relationships and the …

reform) and 2014-2017 (after the reform). It is found that (1) the incentive of tunnelling via dividend by controlling …

reform) and 2014-2017 (after the reform). It is found that (1) the incentive of tunnelling via dividend by controlling …

Tunnelling by large shareholders is a problem representative of ownership concentration. Large shareholders may … interfere with a firm's information disclosure to support their tunnelling behaviour, causing a high stock price crash risk …. Using listed companies in China from 2001 to 2019 as a sample, we find that more severe tunnelling can lead to a higher risk …

privatisation is often criticised as the cause of the extensive tunnelling. The aim of the paper is to find out how these funds … that the so-called tunnelling was not as extensive, and that the privatisation funds were not as harmful for the …

privatisation is often criticised as the cause of the extensive tunnelling. The aim of the paper is to find out how these funds … that the so-called tunnelling was not as extensive, and that the privatisation funds were not as harmful for the …

to be higher than in the separating equilibrium. Finally, the presence of tunnelling from cross-shareholding firm will …