This paper's purpose is to compare nonprofits with pass-throughs in terms of valuation, leverage, and growth. To achieve this purpose, we use the Capital Structure Model. This model determines maximum firm valuation through incorporating real data (tax rates, credit spreads, and historical...

Chapter. 1 Ownership Structures and Disparities in the Labor Share of Chinese Industrial Enterprises -- Chapter 2: Evaluating the sustainability of Innovation in China from the Perspective of Institutional Economics -- Chap.3: Political Capital and Enterprise Performance in China: Empirical...

Corporate groups consist of a set of companies, often described as subsidiaries, which are usually controlled by one single entity, the parent or holding company. The term control means the parent company’s rights to direct the relevant activities of other companies. A parent company can...