메뉴 건너뛰기




Volumn 17, Issue 3, 2009, Pages 372-393

Tunneling and propping up: An analysis of related party transactions by Chinese listed companies

Author keywords

China; International corporate governance; Propping; Related party transactions; Tunneling

Indexed keywords


EID: 62149094362     PISSN: 0927538X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.pacfin.2008.10.001     Document Type: Article
Times cited : (248)

References (37)
  • 2
    • 0042671365 scopus 로고    scopus 로고
    • Tunneling or value added? Evidence from mergers by Korean business groups
    • Bae K.-H., Kang J.-K., and Kim J.-M. Tunneling or value added? Evidence from mergers by Korean business groups. Journal of Finance 57 (2002) 2695-2740
    • (2002) Journal of Finance , vol.57 , pp. 2695-2740
    • Bae, K.-H.1    Kang, J.-K.2    Kim, J.-M.3
  • 3
    • 33748771989 scopus 로고    scopus 로고
    • Business groups and tunneling: evidence from private securities offerings by Korean chaebols
    • Baek J.-S., Kang J.-K., and Lee I. Business groups and tunneling: evidence from private securities offerings by Korean chaebols. Journal of Finance 61 (2006) 2415-2449
    • (2006) Journal of Finance , vol.61 , pp. 2415-2449
    • Baek, J.-S.1    Kang, J.-K.2    Lee, I.3
  • 4
    • 0346937235 scopus 로고    scopus 로고
    • Corporate governance and firm value: evidence from the Korean financial crisis
    • Baek J.-S., Kang J.-K., and Park K. Corporate governance and firm value: evidence from the Korean financial crisis. Journal of Financial Economics 71 (2004) 265-313
    • (2004) Journal of Financial Economics , vol.71 , pp. 265-313
    • Baek, J.-S.1    Kang, J.-K.2    Park, K.3
  • 5
    • 61349192618 scopus 로고    scopus 로고
    • Expropriation through loan guarantees to related parties: Evidence from China
    • forthcoming
    • Berkman, Henk, Cole, RebelA, and Fu, Jiang, 2008, Expropriation through loan guarantees to related parties: Evidence from China, Journal of Banking and Finance, forthcoming.
    • (2008) Journal of Banking and Finance
    • Berkman, H.1    Cole, R.2    Fu, J.3
  • 6
  • 7
    • 0142219270 scopus 로고    scopus 로고
    • Investor protection and firm liquidity
    • Brockman P., and Chung D. Investor protection and firm liquidity. Journal of Finance 58 (2003) 921-938
    • (2003) Journal of Finance , vol.58 , pp. 921-938
    • Brockman, P.1    Chung, D.2
  • 8
    • 62149150070 scopus 로고    scopus 로고
    • Dividends for tunneling in a regulated economy: The case of China
    • forthcoming
    • Chen, D, Jian, M, Xu, M, 2008, Dividends for tunneling in a regulated economy: The case of China, Pacific-Basin Finance Journal, forthcoming.
    • (2008) Pacific-Basin Finance Journal
    • Chen, D.1    Jian, M.2    Xu, M.3
  • 9
    • 33749127008 scopus 로고    scopus 로고
    • Tunneling, propping, and expropriation: evidence from connected party transactions in Hong Kong
    • Cheung Y.-L., Rau P.R., and Stouraitis A. Tunneling, propping, and expropriation: evidence from connected party transactions in Hong Kong. Journal of Financial Economics 82 (2006) 343-386
    • (2006) Journal of Financial Economics , vol.82 , pp. 343-386
    • Cheung, Y.-L.1    Rau, P.R.2    Stouraitis, A.3
  • 10
    • 0042829594 scopus 로고    scopus 로고
    • The separation of ownership and control in East Asian Corporations
    • Claessens S., Djankov S., and Lang L.H.P. The separation of ownership and control in East Asian Corporations. Journal of Financial Economics 58 (2000) 81-112
    • (2000) Journal of Financial Economics , vol.58 , pp. 81-112
    • Claessens, S.1    Djankov, S.2    Lang, L.H.P.3
  • 11
    • 0000200532 scopus 로고    scopus 로고
    • Disentangling the incentive and entrenchment effects of large shareholdings
    • Claessens S., Djankov S., Fan J.P.H., and Lang L.H.P. Disentangling the incentive and entrenchment effects of large shareholdings. Journal of Finance 57 (2002) 2741-2771
    • (2002) Journal of Finance , vol.57 , pp. 2741-2771
    • Claessens, S.1    Djankov, S.2    Fan, J.P.H.3    Lang, L.H.P.4
  • 15
    • 35848929503 scopus 로고    scopus 로고
    • Asset pricing in China's domestic stock markets: is there a logic?
    • Eun C.S., and Huang W. Asset pricing in China's domestic stock markets: is there a logic?. Pacific-Basin Finance Journal 15 (2007) 452-480
    • (2007) Pacific-Basin Finance Journal , vol.15 , pp. 452-480
    • Eun, C.S.1    Huang, W.2
  • 17
    • 33947279343 scopus 로고    scopus 로고
    • Is China's corporate governance beginning to come of age? The case of CEO turnover
    • Fan D.K.K., Lau C.M., and Young M. Is China's corporate governance beginning to come of age? The case of CEO turnover. Pacific-Basin Finance Journal 15 (2007) 105-120
    • (2007) Pacific-Basin Finance Journal , vol.15 , pp. 105-120
    • Fan, D.K.K.1    Lau, C.M.2    Young, M.3
  • 19
    • 53149117901 scopus 로고    scopus 로고
    • Corporate governance and tunneling: Empirical evidence from China
    • Gao L., and Kling G. Corporate governance and tunneling: Empirical evidence from China. Pacific-Basin Finance Journal 16 (2008) 591-605
    • (2008) Pacific-Basin Finance Journal , vol.16 , pp. 591-605
    • Gao, L.1    Kling, G.2
  • 20
    • 11144271525 scopus 로고    scopus 로고
    • The financial and operating performance of China's newly listed H-firms
    • Huang G., and Song F.M. The financial and operating performance of China's newly listed H-firms. Pacific-Basin Finance Journal 13 (2005) 53-80
    • (2005) Pacific-Basin Finance Journal , vol.13 , pp. 53-80
    • Huang, G.1    Song, F.M.2
  • 22
    • 0037405540 scopus 로고    scopus 로고
    • Corporate governance and firm profitability: evidence from Korea before the economic crisis
    • Joh S. Corporate governance and firm profitability: evidence from Korea before the economic crisis. Journal of Financial Economics 68 (2003) 287-322
    • (2003) Journal of Financial Economics , vol.68 , pp. 287-322
    • Joh, S.1
  • 30
    • 0003195790 scopus 로고    scopus 로고
    • Ownership structure, corporate governance, and firm value: evidence from the East Asian financial crisis
    • Lemmon M.L., and Lins K.V. Ownership structure, corporate governance, and firm value: evidence from the East Asian financial crisis. Journal of Finance 58 (2003) 1445-1468
    • (2003) Journal of Finance , vol.58 , pp. 1445-1468
    • Lemmon, M.L.1    Lins, K.V.2
  • 31
    • 0001759920 scopus 로고    scopus 로고
    • From state to market: a survey of empirical studies on privatization
    • Megginson W.L., and Netter J.M. From state to market: a survey of empirical studies on privatization. Journal of Economic Literature 39 (2001) 321-389
    • (2001) Journal of Economic Literature , vol.39 , pp. 321-389
    • Megginson, W.L.1    Netter, J.M.2
  • 32
    • 0001373089 scopus 로고    scopus 로고
    • The information content of stock markets: why do emerging markets have synchronous stock price movements?
    • Morck R., Yeung B., and Yu W. The information content of stock markets: why do emerging markets have synchronous stock price movements?. Journal of Financial Economics 58 (2000) 215-260
    • (2000) Journal of Financial Economics , vol.58 , pp. 215-260
    • Morck, R.1    Yeung, B.2    Yu, W.3
  • 33
    • 0001012637 scopus 로고    scopus 로고
    • Glamour, value and the post-acquisition performance of acquiring firms
    • Rau P.R., and Vermaelen T. Glamour, value and the post-acquisition performance of acquiring firms. Journal of Financial Economics 49 (1998) 223-253
    • (1998) Journal of Financial Economics , vol.49 , pp. 223-253
    • Rau, P.R.1    Vermaelen, T.2
  • 34
    • 0001026456 scopus 로고    scopus 로고
    • A survey of corporate governance
    • Shleifer A., and Vishny R.W. A survey of corporate governance. Journal of Finance 52 (1997) 737-783
    • (1997) Journal of Finance , vol.52 , pp. 737-783
    • Shleifer, A.1    Vishny, R.W.2
  • 35
    • 0000674202 scopus 로고
    • Towards a positive theory of the determination of accounting standards
    • Watts R.L., and Zimmerman J.L. Towards a positive theory of the determination of accounting standards. Accounting Review 53 (1978) 112-134
    • (1978) Accounting Review , vol.53 , pp. 112-134
    • Watts, R.L.1    Zimmerman, J.L.2
  • 36
    • 0000095552 scopus 로고
    • A heteroskedaswticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
    • White H. A heteroskedaswticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica 48 (1980) 817-838
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1
  • 37
    • 33744780184 scopus 로고    scopus 로고
    • Choice of foreign listing location: experience of Chinese firms
    • Yang T., and Lau S.T. Choice of foreign listing location: experience of Chinese firms. Pacific-Basin Finance Journal 14 (2006) 311-326
    • (2006) Pacific-Basin Finance Journal , vol.14 , pp. 311-326
    • Yang, T.1    Lau, S.T.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.