Huang, Xiaohong; Kabir, Rezaul; Zhang, Lingling - In: China journal of accounting research : CJAR 11 (2018) 3, pp. 171-185
the impact of government ownership on leverage is dependent on whether the government is the largest shareholder in a firm … Reform of 2005. This reform allowed a reduction of government ownership by making government shares tradable. We find that … and whether the government ownership is through a parent state-owned enterprise. In addition, we document that the largest …
