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The research investigates the relationship between ownership structure and the financial performance of Chinese manufacturing firms after the implementation of the 2005 reform of tradable and non-tradable shares. Using data from 2011 to 2014 and hand-collected ownership information, the results...
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in China, thus, encouraging non-controlling shareholders to actively participate in corporate decision-making was …
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manufacturing firms listed on the Shanghai Stock Exchange or the Shenzhen Stock Exchange in China. This study applies panel data …
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. Specifically, it effectively promotes the digital transformation of enterprises by reducing their financing costs and promoting …
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