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Does controlling shareholders’ share pledge exacerbate excessive financialization of enterprises?—Evidence from performance pressure perspective
16 references·0 citing·48 second hop
Does controlling shareholders’ share pledge exacerbate excessive financialization of enterprises?—Evidence from performance pressure perspective (2023)Does controlling shareholders’ share pled…Inefficient investment and digital transformation: What is the role of financing constraints? (2022)Inefficient investment and di…Underperformance duration and innovative search: Evidence from the high‐tech manufacturing industry (2018)Underperformance duration and…Stock Pledge, Risk of Losing Control and Corporate Innovation (2018)Stock Pledge, Risk of Losing …Share Pledges and Margin Call Pressure (2018)Share Pledges and Margin Call…Multiple large shareholders and corporate investment: Evidence from China (2018)Multiple large shareholders a…Shareholder Wealth Consequences of Insider Pledging of Company Stock as Collateral for Personal Loans (2017)Shareholder Wealth Consequenc…Measuring Economic Policy Uncertainty* (2016)Measuring Economic Policy Unc…Too much finance? (2015)Too much finance?Product Market Competition, Corporate Governance, and Firm Value: Evidence from the EU Area (2013)Product Market Competition, C…Returnees Versus Locals: Who Perform Better in C hina's Technology Entrepreneurship? (2012)Returnees Versus Locals: Who …Returnee entrepreneurs, knowledge spillovers and innovation in high-tech firms in emerging economies (2009)Returnee entrepreneurs, knowl…Determinants of Firms' Backward- and Forward-Looking R&D Search Behavior (2008)Determinants of Firms' Backwa…Fundamentals of Accounting Losses (2006)Fundamentals of Accounting Lo…Risk Management: Coordinating Corporate Investment and Financing Policies (1993)Risk Management: Coordinating…A Theory of Predation Based on Agency Problems in Financial Contracting (1990)A Theory of Predation Based o…Preemptive Patenting and the Persistence of Monopoly (1982)Preemptive Patenting and the …Absorptive Capacity: A New Perspective on Learning and Innovation (1990)Toward a knowledge‐based theory of the firm (1996)Initial conditions and moment restrictions in dynamic panel data models (1998)Transnational Entrepreneurship: An Emergent Field of Study (2009)Sub‐National Institutional Contingencies, Network Positions, and IJV Partner Selection (2012)On the duality of political and economic stakeholder influence on firm innovation performance: T heory and evidence from C hinese firms (2017)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Exploration and Exploitation in Organizational Learning (1991)Top Management Attention to Innovation: The Role of Search Selection and Intensity in New Product Introductions (2012)Renewing Research on Problemistic Search—A Review and Research Agenda (2017)Creativity and Innovation Under Constraints: A Cross-Disciplinary Integrative Review (2018)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)A Survey of Corporate Governance (1997)Law and Finance (1998)Board chairs and R&D investment: Evidence from Chinese family-controlled firms (2020)Multiple blockholders and earnings management (2020)Economic policy uncertainty, marketization level and firm-level inefficient investment: Evidence from Chinese listed firms in energy and power industries (2021)Large Shareholders and Corporate Control (1986)Corporate Ownership Around the World (1999)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)The impact of share pledging regulations on stock trading and firm valuation (2018)Determinants of corporate borrowing (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)The theory and practice of corporate finance: evidence from the field (2001)The Cash Flow Sensitivity of Cash (2004)Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)The separation of ownership and control in East Asian Corporations (2000)Disentangling the Incentive and Entrenchment Effects of Large Shareholdings (2002)Controlling shareholder share pledging and stock price crash risk: Evidence from China (2021)Corporate executives’ incentives and ESG performance (2022)The Role of Monetary Policy (1995)The Impact of Uncertainty Shocks (2009)Measuring Uncertainty (2015)COVID-19 pandemic, oil prices, stock market, geopolitical risk and policy uncertainty nexus in the US economy: Fresh evidence from the wavelet-based approach (2020)The Unprecedented Stock Market Reaction to COVID-19 (2020)Measuring Geopolitical Risk (2022)On the mechanics of economic development (1988)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Public Debt Overhangs: Advanced-Economy Episodes Since 1800 (2012)Is the Relationship Between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle-Income Countries (2014)Macrofinancial History and the New Business Cycle Facts (2017)Contagion and competitive intra-industry effects of bankruptcy announcements (1992)CEO Overconfidence and Corporate Investment (2002)Financial Strength and Product Market Behavior: The Real Effects of Corporate Cash Holdings (2010)First-mover advantages (1988)Entry, Exit, Growth, and Innovation over the Product Life Cycle (1996)Dynamic capabilities and strategic management (1997)
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References

  • 2016Measuring Economic Policy Uncertainty*12,311 cited
  • 1993Risk Management: Coordinating Corporate Investment and Financing Policies2,897 cited
  • 1982Preemptive Patenting and the Persistence of Monopoly1,351 cited
  • 2015Too much finance?1,135 cited
  • 1990A Theory of Predation Based on Agency Problems in Financial Contracting947 cited
  • 2008Determinants of Firms' Backward- and Forward-Looking R&D Search Behavior503 cited
  • 2009Returnee entrepreneurs, knowledge spillovers and innovation in high-tech firms in emerging economies376 cited
  • 2018Multiple large shareholders and corporate investment: Evidence from China294 cited
  • 2017Shareholder Wealth Consequences of Insider Pledging of Company Stock as Collateral for Personal Loans236 cited
  • 2018Share Pledges and Margin Call Pressure232 cited
  • 2018Stock Pledge, Risk of Losing Control and Corporate Innovation223 cited
  • 2006Fundamentals of Accounting Losses193 cited
  • 2012Returnees Versus Locals: Who Perform Better in C hina's Technology Entrepreneurship?188 cited
  • 2022Inefficient investment and digital transformation: What is the role of financing constraints?182 cited
  • 2018Underperformance duration and innovative search: Evidence from the high‐tech manufacturing industry

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172 cited
  • 2013Product Market Competition, Corporate Governance, and Firm Value: Evidence from the EU Area146 cited
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