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The subsidiary’s profit distribution results in the cash transfer from the subsidiary to the parent company. We investigate the effect of this cash transfer on the business group’s agency cost. Using the sample of A-share listed companies in China from 2006 to 2017, we find that the profits...
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für Unternehmenskontrolle in Deutschland. Zu diesen Rahmenbedingungen zählen insbesondere die Corporate Governance …
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