Exacerbate or alleviate? impact of controlling shareholders' share pledging on over-investment
This paper investigates the relationship between controlling shareholders' share pledging and firm level over-investment. Utilizing Chinese A-share market data spanning 2007–2020, we find that firms with share pledging by controlling shareholders are more prone to over-invest, and the over-inve...
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| Main Authors: | , , , , |
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| Format: | Article |
| Published: |
Elsevier
2024
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| Online Access: | http://psasir.upm.edu.my/id/eprint/112100/ https://www.sciencedirect.com/science/article/abs/pii/S0927538X24000921?via%3Dihub |
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