Managerial ownership, corporate governance and firms' exporting decisions: evidence from Chinese listed companies

被引：19

作者：

Dixon, Robert ^{[1
]}

Guariglia, Alessandra ^{[2
]}

Vijayakumaran, Ratnam ^{[1
,3
]}

机构：

[1] Univ Durham, Business Sch, Durham, England

[2] Univ Birmingham, Dept Econ, Birmingham, W Midlands, England

[3] Univ Jaffna, Dept Finance, Jaffna, Sri Lanka

来源：

EUROPEAN JOURNAL OF FINANCE | 2017年 / 23卷 / 7-9期

关键词：

managerial ownership; corporate governance; export propensity; export intensity; firm heterogeneity; China; CEO COMPENSATION; AGENCY PROBLEMS; INSTITUTIONAL OWNERSHIP; EXECUTIVE-COMPENSATION; FINANCING CONSTRAINTS; ENTERPRISE REFORM; EQUITY OWNERSHIP; MARKET VALUATION; PRIVATIZED FIRMS; RISK REDUCTION;

D O I：

10.1080/1351847X.2015.1025990

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Using a large panel of Chinese listed companies over the period 2004-2010, we document that both export propensity and intensity increase with managerial ownership up to a point of around 23-27% and decrease thereafter. In addition, we find a negative association between state ownership and export intensity. Finally, we observe that the larger their board of directors, the lower firms' export propensity and intensity, and that firms with a higher proportion of independent directors in the board are generally less likely to export. These findings are mainly driven by privately controlled firms during the post-2006 period.

引用

页码：802 / 840

页数：39

共 50 条

[1] Ownership Structure as Corporate Governance Mechanism: Evidence from Chinese Listed Companies
Jian Chen
[J]. Economics of Planning, 2001, 34 : 53 - 72
[2] Ownership structure as corporate governance mechanism: Evidence from Chinese listed companies
Chen, J
[J]. ECONOMICS OF PLANNING, 2001, 34 (1-2): : 53 - 72
[3] Corporate Governance and Capital Structure Decisions: Evidence from Chinese Listed Companies
Vijavakumaran, Sunitha
Vijavakumaran, Ratnam
[J]. JOURNAL OF ASIAN FINANCE ECONOMICS AND BUSINESS, 2019, 6 (03): : 67 - 79
[4] Corporate Governance Mechanisms, Ownership and Firm Value: Evidence from Listed Chinese Firms
Kong, Yusheng
Famba, Takuriramunashe
Chituku-Dzimiro, Grace
Sun, Huaping
Kurauone, Ophias
[J]. INTERNATIONAL JOURNAL OF FINANCIAL STUDIES, 2020, 8 (02): : 1 - 26
[5] Managerial ownership and corporate innovation: evidence of patenting activity from Chinese listed manufacturing firms
Pu, Tingqian
Zulkafli, Abdul Hadi
[J]. COGENT BUSINESS & MANAGEMENT, 2024, 11 (01):
[6] Ownership, Competition, Corporate Governance and Performance: Evidence from the Chinese Listed Companies in Utilities Sectors
Gao Yue
[J]. 2011 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING - 18TH ANNUAL CONFERENCE PROCEEDINGS, VOLS I AND II, 2011, : 637 - 641
[7] Corporate governance, ownership structure and capital structure: evidence from Chinese real estate listed companies
Feng, Yi
Hassan, Abeer
Elamer, Ahmed A.
[J]. INTERNATIONAL JOURNAL OF ACCOUNTING AND INFORMATION MANAGEMENT, 2020, 28 (04) : 759 - 783
[8] Corporate governance and capital structure, decisions of the Chinese listed firms
Wen, Y
Rwegasira, K
Bilderbeek, J
[J]. CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW, 2002, 10 (02) : 75 - 83
[9] Corporate Governance and Financial Distress Evidence from Chinese Listed Companies
Wang, Zong-jun
Deng, Xiao-lan
[J]. CHINESE ECONOMY, 2006, 39 (05) : 5 - 27
[10] Ownership Structure and Corporate Governance A Empirical Study of Chinese Listed Companies
Tan, Duojiao
Yu, Silin
[J]. ADVANCED RESEARCH ON AUTOMATION, COMMUNICATION, ARCHITECTONICS AND MATERIALS, PTS 1 AND 2, 2011, 225-226 (1-2): : 1314 - 1317

← 1 2 3 4 5 →