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Industrial diversification, partial privatization and firm valuation: Evidence from publicly listed firms in China
16 references·16 citing·45 second hopsampled
Industrial diversification, partial privatization and firm valuation: Evidence from publicly listed firms in China (2008)Industrial diversification, partial priva…Diversification Discount or Premium? New Evidence from the Business Information Tracking Series (2004)Diversification Discount or P…China share issue privatization: the extent of its success (2003)China share issue privatizati…Global Diversification, Industrial Diversification, and Firm Value (2002)Global Diversification, Indus…Explaining the Diversification Discount (2002)Explaining the Diversificatio…Agency, Information and Corporate Investment (2001)Agency, Information and Corpo…Tunneling (2000)TunnelingThe Dark Side of Internal Capital Markets: Divisional Rent‐Seeking and Inefficient Investment (2000)The Dark Side of Internal Cap…The Cost of Diversity: The Diversification Discount and Inefficient Investment (2000)The Cost of Diversity: The Di…Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups (2000)Is Group Affiliation Profitab…Investor protection and corporate governance (2000)Investor protection and corpo…Are Internal capital Markets Efficient? (1998)Are Internal capital Markets …Cash Flow and Investment: Evidence from Internal Capital Markets (1997)Cash Flow and Investment: Evi…Agency Problems, Equity Ownership, and Corporate Diversification (1997)Agency Problems, Equity Owner…Diversification's effect on firm value (1995)Diversification's effect on f…Tobin's q, Corporate Diversification, and Firm Performance (1994)Tobin's q, Corporate Diversif…Risk Reduction as a Managerial Motive for Conglomerate Mergers (1981)Risk Reduction as a Manageria…Too bad to fear, too good to dare? Performance feedback and corporate misconduct (2021)Too bad to fear, too good to …How does economic policy uncertainty affect corporate diversification? (2020)How does economic policy unce…Does privatization reform alleviate ownership discrimination? Evidence from the Split-share structure reform in China (2020)Does privatization reform all…Solving the innovation problem in state-owned firms: The role of entrepreneurial orientation and high-commitment HR practices (2019)Solving the innovation proble…Unrelated acquisitions in China: The role of political ownership and political connections (2018)Unrelated acquisitions in Chi…Dominant Coalitions Directing Acquisitions: Different Decision Makers, Different Decisions (2018)Dominant Coalitions Directing…Defending Mao’s Dream: How Politicians’ Ideological Imprinting Affects Firms’ Political Appointment in China (2018)Defending Mao’s Dream: How Po…Stock Liquidity and Corporate Diversification: Evidence from China's Split Share Structure Reform (2017)Stock Liquidity and Corporate…The relationship among information asymmetry, dividend policy and ownership structure (2016)The relationship among inform…Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research (2016)Rise of the Fiduciary State: …Delayed Adoption of Rules: A Relational Theory of Firm Exposure and State Cooptation (2016)Delayed Adoption of Rules: A …RISE OF THE FIDUCIARY STATE: A SURVEY OF SOVEREIGN WEALTH FUND RESEARCH (2015)RISE OF THE FIDUCIARY STATE: …Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research (2014)Rise of the Fiduciary State: …Government intervention in investment by Chinese listed companies that have diversified into tourism (2011)Government intervention in in…Ownership structure, corporate diversification and capital structure (2010)Ownership structure, corporat…Credit ratings and IPO pricing (2008)Credit ratings and IPO pricingThe Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Problems and the Theory of the Firm (1980)Agency Theory: An Assessment and Review (1989)Managerial incentives and risk-taking☆ (2005)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)Determinants of corporate borrowing (1977)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Higher market valuation of companies with a small board of directors (1996)Investor Protection and Corporate Valuation (2002)Digital Business Strategy: Toward a Next Generation of Insights (2013)The Problem of Social Cost (1960)Law and Finance (1998)Corporate Governance and Equity Prices (2003)Earnings management and investor protection: an international comparison (2003)Law, finance, and economic growth in China (2005)The Nature of the Firm (1937)Financing Constraints and Corporate Investment (1987)The Cross-Section of Expected Stock Returns (1992)A Survey of Corporate Governance (1997)Enjoying the Quiet Life? Corporate Governance and Managerial Preferences (2003)Specification Tests in Econometrics (1978)International Corporate Governance (2003)Business Groups in Emerging Markets: Paragons or Parasites? (2007)Business Model Design and the Performance of Entrepreneurial Firms (2007)Risk, Return, and Equilibrium: Empirical Tests (1973)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)A cross-firm analysis of the impact of corporate governance on the East Asian financial crisis (2002)Information Production and Capital Allocation: Decentralized versus Hierarchical Firms (2002)Financial and Legal Constraints to Growth: Does Firm Size Matter? (2005)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Price Informativeness and Investment Sensitivity to Stock Price (2006)Financial Constraints, Investment, and the Value of Cash Holdings (2009)Corporate social responsibility and access to finance (2013)Agency costs of free cash flow, corporate finance, and takeovers (1996)Liquidity and leverage (2008)The Economic Institutions of Capitalism (1987)Incentives versus standards: properties of accounting income in four East Asian countries (2003)Corporate Governance, Economic Entrenchment and Growth (2004)Legal Determinants of External Finance (1997)Corporate Ownership Around the World (1999)The New Comparative Economics (2003)The Economic Consequences of Legal Origins (2008)Corporate Immunity to the COVID-19 Pandemic (2020)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 2000Investor protection and corporate governance6,847 cited
  • 1995Diversification's effect on firm value3,069 cited
  • 1981Risk Reduction as a Managerial Motive for Conglomerate Mergers2,775 cited
  • 2000Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups2,588 cited
  • 1994Tobin's q, Corporate Diversification, and Firm Performance2,437 cited
  • 2000Tunneling2,216 cited
  • 2000The Cost of Diversity: The Diversification Discount and Inefficient Investment1,684 cited
  • 2000The Dark Side of Internal Capital Markets: Divisional Rent‐Seeking and Inefficient Investment1,556 cited
  • 2002Explaining the Diversification Discount1,372 cited
  • 2001Agency, Information and Corporate Investment1,350 cited
  • 1997Agency Problems, Equity Ownership, and Corporate Diversification1,305 cited
  • 1997Cash Flow and Investment: Evidence from Internal Capital Markets1,143 cited
  • 1998Are Internal capital Markets Efficient?1,050 cited
  • 2002Global Diversification, Industrial Diversification, and Firm Value1,047 cited
  • 2003China share issue privatization: the extent of its success961 cited

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  • 2004Diversification Discount or Premium? New Evidence from the Business Information Tracking Series815 cited
  • Cited by

    • 2018Defending Mao’s Dream: How Politicians’ Ideological Imprinting Affects Firms’ Political Appointment in China168 cited
    • 2008Credit ratings and IPO pricing134 cited
    • 2016The relationship among information asymmetry, dividend policy and ownership structure120 cited
    • 2015RISE OF THE FIDUCIARY STATE: A SURVEY OF SOVEREIGN WEALTH FUND RESEARCH120 cited
    • 2018Dominant Coalitions Directing Acquisitions: Different Decision Makers, Different Decisions119 cited
    • 2020Does privatization reform alleviate ownership discrimination? Evidence from the Split-share structure reform in China86 cited
    • 2020How does economic policy uncertainty affect corporate diversification?69 cited
    • 2010Ownership structure, corporate diversification and capital structure62 cited
    • 2021Too bad to fear, too good to dare? Performance feedback and corporate misconduct56 cited
    • 2017Stock Liquidity and Corporate Diversification: Evidence from China's Split Share Structure Reform44 cited
    • 2014Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research44 cited
    • 2018Unrelated acquisitions in China: The role of political ownership and political connections42 cited
    • 2011Government intervention in investment by Chinese listed companies that have diversified into tourism41 cited
    • 2016Delayed Adoption of Rules: A Relational Theory of Firm Exposure and State Cooptation39 cited
    • 2019Solving the innovation problem in state-owned firms: The role of entrepreneurial orientation and high-commitment HR practices38 cited
    • 2016Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research35 cited