Taking Chinese non-financial A-share companies listed on the Shenzhen Stock Exchange (SZSE) between 2003 and 2018 as a sample, this paper empirically examines whether and how institutional investors’
Corporate conflicts represent one of the most persistent structural challenges in modern market economies, which emerge because shareholders and managers and creditors have different interests. The an
Under the current corporate governance model, the second largest shareholder (SLS) is a very special, common and important presence, which becomes an important counterweight to the controlling shareho