| ID | 095934 |
| Title Proper | Pervasiveness and severity of tunneling by controlling shareholders in China |
| Language | ENG |
| Author | Li, Guoping |
| Publication | 2010. |
| Summary / Abstract (Note) | This article investigates tunneling by controlling shareholders in China's public companies, and finds that, first, tunneling is pervasive and severe; and, second, private controlling ownership significantly increases the severity of tunneling. This article argues that in China, where there is not sufficient and effective legal protection for investors, controlling shareholders, especially shareholders of privately controlled public companies, are able to conduct tunneling at minimal costs. Further, corporate governance mechanisms alone are not sufficient to protect minority shareholders. |
| `In' analytical Note | China Economic Review Vol. 21, No. 2; Jun 2010: p.310-323 |
| Journal Source | China Economic Review Vol. 21, No. 2; Jun 2010: p.310-323 |
| Key Words | Privatization ; Tunneling ; Corporate Governance ; Private Controlling Ownership ; State - Owned Enterprise Reform |