Purpose: This paper aims to investigate the influence of over-allocation and under-allocation of family board seats on the corporate investment efficiency. Design/methodology/approach: Based on the perspective of altruistic behavior, this paper theoretically analyzes the relationship between...

Purpose: The purpose of this study is to investigate the relationship between unexpected financial slack and small- and medium-sized enterprises’ (SMEs) diversification and growth performance. Design/methodology/approach: Using the phenomenon of IPO over-financed in China as the empirical...

Purpose – The purpose of this paper is to study the impact of political connections and institutional environment differences on private enterprises' acquiring bank loans, and to analyze the governance effect of bank debts and its impact on firm value. Design/methodology/approach – Choosing...