Title :
Notice of Retraction
Equity structure and equity governance effect of Chinese listed companies: Empirical evidence based on the equity structure reform
Author_Institution :
Public Policy Res. Center, Dongbei Univ. of Finance & Econ., Dalian, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Using data of 701 listed companies during 2005-2007, this paper analyzes the impacts of equity structures on different agency conflicts under the impacts of equity structure reform. The results show that: due to the particularity of economy and capital market in China, most of the mechanisms of equity governance do not efficient as expected. Furthermore, the influences of equity structures on equity right conflict are greater than on control right conflict.
Keywords :
organisational aspects; Chinese listed companies; corporate governance; corporate performance; equity governance effect; equity structure effect; Costs; Equations; Finance; Protection; Public policy; Sun; Wide area networks; agency conflict; equity governance; equity structure; shareholder structure;
Conference_Titel :
Information Management and Engineering (ICIME), 2010 The 2nd IEEE International Conference on
Conference_Location :
Chengdu
Print_ISBN :
978-1-4244-5263-7
DOI :
10.1109/ICIME.2010.5478229
