The Impact of Ownership Structure on Financial Risk of Chinese Listed Companies

被引:0
|
作者
Li Xin [1 ]
Xia Enjun [2 ]
Yang Ying [3 ]
机构
[1] Beijing Inst Technol, Dept Accounting, Sch Management & Econ, Beijing 100081, Peoples R China
[2] Beijing Inst Technol, Dept Technol Econ Management, Sch Management & Econ, Beijing 100081, Peoples R China
[3] Cent Univ Finance & Econ, Sch Accounting, Beijing, Peoples R China
关键词
ownership structure; financial risk;
D O I
暂无
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Financial risk will be affected by many factors. Ownership structure is undoubtedly one of the important causes of the Financial Risk. From this point of view, with the data during 2007-2009 of Chinese listed companies, we find that state controlling shareholdings result in significantly lower financial risk; financial risk is significantly negatively associated with the degree of ownership concentration.
引用
收藏
页码:107 / +
页数:2
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