- Ai, ; Wang, On large shareholder equity pledges and listed company finances: mechanisms of influence and market reactions. 2012 J. Beijing Univ. Commer. Indus. (Soc. Sci. Ed.). 27 72-76
Paper not yet in RePEc: Add citation now
Alti, A. How sensitive is investment to cash flow when financing is frictionless?. 2003 J. Financ.. 58 707-722
Anderson, R. ; Puleo, M. Insider share-pledging and equity risk. 2020 J. Financ. Serv. Res.. 58 1-25
- Biddle, G.C. ; Hilary, G. ; Verdi, R.S. How does financial reporting quality relate to investment efficiency?. 2009 J. Account. Econ.. 20 -
Paper not yet in RePEc: Add citation now
Biddle, G.C. ; Hilary, G. ; Verdi, R.S. How does financial reporting quality relate to investment efficiency?. 2009 J. Account. Econ.. 48 112-131
- Blundell, R. ; Bond, S. ; Devereux, M. ; Schiantarelli, F. Investment and Tobin’s Q. 1992 J. Econ.. 51 233-257
Paper not yet in RePEc: Add citation now
Brogaard, J. ; Li, D. ; Xia, Y. Stock liquidity and default risk. 2017 J. Financ. Econ.. 124 486-502
Chan, K. ; Chen, H.-K. ; Hu, S. ; Liu, Y.-J. Share pledges and margin call pressure. 2018 Finance. 52 96-117
Chang, J. Jinfan ; Meng, Q. ; Ni, X. A tale of riskiness: the real effects of share pledging on the Chinese stock market. 2022 Pac. Basin Financ. J.. 73 -
- Chen, F. ; Hope, O.-K. ; Li, Q. ; Wang, X. Financial reporting quality and investment efficiency of private firms in emerging markets. 2011 Account. Rev.. 86 1255-1288
Paper not yet in RePEc: Add citation now
Chen, R. ; El Ghoul, S. ; Guedhami, O. ; Wang, H. Do state and foreign ownership affect investment efficiency? Evidence from privatizations. 2017 Finance. 42 408-421
Chen, S. ; Li, Z. ; Han, B. ; Ma, H. Managerial ability, internal control and investment efficiency. 2021 J. Behav. Exp. Financ.. 31 -
Chen, S. ; Sun, Z. ; Tang, S. ; Wu, D. Government intervention and investment efficiency: evidence from China. 2011 Finance. 17 259-271
Chen, X. ; Sun, Y. ; Xu, X. Free cash flow, over-investment and corporate governance in China. 2016 Pac. Basin Financ. J.. 37 81-103
Cheng, M. ; Dhaliwal, D. ; Zhang, Y. Does investment efficiency improve after the disclosure of material weaknesses in internal control over financial reporting?. 2013 J. Account. Econ.. 56 1-18
- Cho, M.-H. Ownership structure, investment, and the corporate value: an empirical analysis. 1998 J. Financ. Econ.. 47 103-121
Paper not yet in RePEc: Add citation now
Claessens, S. ; Djankov, S. ; Lang, L.H.P. The separation of ownership and control in east Asian Corporationsଝ. 2000 J. Financ. Econ.. 32 -
- Dang, H. Controlling shareholder’s shareholding pledge, hollowing out and the company’s financial difficulties. 2022 Finance Account. Newslett.. 3 -
Paper not yet in RePEc: Add citation now
- DeMarzo, P.M. Agency and Optimal Investment Dynamics. 2002 :
Paper not yet in RePEc: Add citation now
Ding, S. ; Kim, M. ; Zhang, X. Do firms care about investment opportunities? Evidence from China. 2018 Finance. 52 214-237
- Dou, W. ; Ma, L. ; Liu, X. Control allocation, power checks and balances, and corporate inefficient investment behavior. 2016 Manage. Comment.. 28 101-115
Paper not yet in RePEc: Add citation now
Dou, Y. ; Masulis, R.W. ; Zein, J. Shareholder wealth consequences of insider pledging of company stock as collateral for personal loans. 2019 Soc. Financ. Stud.. 32 4810-4854
Fazzari, S.M. ; Hubbard, R.G. ; Petersen, B.C. ; Blinder, A.S. ; Poterba, J.M. Financing constraints and corporate investment. 1988 Brook. Pap. Econ. Act.. 1988 141-
Franzoni, F. Underinvestment vs. overinvestment: evidence from Price reactions to pension contributions. 2009 J. Financ. Econ.. 64 -
Guiso, L. ; Parigi, G. Investment and demand uncertainty. 1999 Q. J. Econ.. 114 185-227
- Hao, X. ; Liang, Q. Is the pledge of the ultimate controller’s shareholding damaging the value of the company?. 2009 Account. Res.. 7 -
Paper not yet in RePEc: Add citation now
- Hawas, A. ; Tse, C.-B. How corporate governance affects investment decisions of major shareholders in UK listed companies: has the recent Credit crunch changed the game?. 2016 J. Acc. Audit. Financ.. 31 100-133
Paper not yet in RePEc: Add citation now
Hoshi, T. ; Kashyap, A. ; Scharfstein, D. Corporate structure, liquidity, and investment: evidence from Japanese industrial groups. 1991 Q. J. Econ.. 106 33-60
- Huang, ; Han, Shareholding pledges, capital misappropriation and surplus management by major shareholders. 2014 Contemp. Account. Rev.. 7 19-34
Paper not yet in RePEc: Add citation now
Hubbard, R.G. Capital-market imperfections and investment. 1998 J. Econ. Lit.. 36 193-225
Jensen, M.C. Agency costs of free cash flow, corporate finance, and takeovers. 1986 Am. Econ. Rev.. 76 323-329
- Jiang, F. ; Kim, K.A. Corporate governance in China: a modern perspective. 2015 Finance. 32 190-216
Paper not yet in RePEc: Add citation now
Jiang, F. ; Kim, K.A. Corporate Governance in China: A Survey. 2020 :
- Jiang, Q. A Study on the Influencing Factors and Economic Consequences of Equity Pledges by Controlling Shareholders of Listed Companies in China [D]. 2017 Xiamen Universtity:
Paper not yet in RePEc: Add citation now
Kim, H. Investment decisions, debt renegotiation friction, and agency conflicts. 2020 Int. Rev. Financ.. 20 493-504
- Klock, M. ; Thies, C.F. A test of Stulz’s overinvestment hypothesis. 1995 Financ. Rev.. 30 387-398
Paper not yet in RePEc: Add citation now
- Kumar, P. ; Langberg, N. ; Sivaramakrishnan, K. Voluntary disclosures, corporate control, and investment: corporate control and voluntary disclosures. 2012 J. Account. Res.. 50 1041-1076
Paper not yet in RePEc: Add citation now
Kwon, S. ; Ahn, J.H. ; Kim, G.H. The impact of shareholder intervention on overinvestment of free cash flow by overconfident CEOs. 2021 Int. Rev. Financ. Anal.. 75 -
Larcker, D.F. ; Rusticus, T.O. On the use of instrumental variables in accounting research. 2010 J. Account. Econ.. 49 186-205
- Li, ; Xing, Pledge of controlling Shareholder’s equity and disclosure of information by listed companies. 2017 Statist. Stud.. 34 75-86
Paper not yet in RePEc: Add citation now
- Li, B. ; Zhu, S. ; Zhang, T. ; Tao, R. Pledge of controlling shareholders’ equity and the quality of corporate accounting information. 2019 Finance Account. Month.. 22 77-84
Paper not yet in RePEc: Add citation now
- Li, C. ; Zeng, M. ; Chen, Z. Will major shareholders support listed companies? —based on the perspective of major Shareholders’ equity pledges. 2021 J. Xiamen Univer. (Philos. Soc. Sci. Ed.). 4 71-84
Paper not yet in RePEc: Add citation now
- Li, M. ; Li, C. Executive compensation climbing psychology, nature of controlling shareholders and investment behaviour. 2021 Statist. Decis. Mak.. 37 178-181
Paper not yet in RePEc: Add citation now
- Liao, ; Cui, ; Xie, Pledge of controlling Shareholders’ equity and choice of dividend policy for listed companies. 2018 Finance Res.. 4 172-189
Paper not yet in RePEc: Add citation now
- Liao, K. ; Cui, C. ; Xie, D. Major shareholder equity pledges, possession and corporate value. 2018 Finance Res.. 4 172-189
Paper not yet in RePEc: Add citation now
- Liu, B. Share pledge and qualitative information disclosures: evidence from the tone of management discussion and analysis. 2023 Econ. Anal. Policy. 78 1342-1358
Paper not yet in RePEc: Add citation now
Love, I. ; Zicchino, L. Financial development and dynamic investment behavior: evidence from panel VAR. 2006 Q. Rev. Econ. Finance. 46 190-210
- McNichols, M.F. ; Stubben, S.R. Does earnings management affect Firms’ Investment decisions?. 2008 Account. Rev.. 83 1571-1603
Paper not yet in RePEc: Add citation now
- Morck, R. ; Wolfenzon, D. ; Yeung, B. Corporate governance, economic entrenchment, and growth. 2005 J. Econ. Lit.. -
Paper not yet in RePEc: Add citation now
- Morris, R.D. Signalling, agency theory and accounting policy choice. 1987 Account. Bus. Res.. 18 47-56
Paper not yet in RePEc: Add citation now
Myers, S.C. ; Majluf, N.S. Corporate financing and investment decisions when firms have information that investors do not have. 1984 J. Financ. Econ.. 13 187-221
Porta, R.L. ; Lopez-de-Silanes, F. ; Shleifer, A. Corporate ownership around the world. 1999 J. Financ.. 54 471-517
- Ramírez, C. ; Tarziján, J. ; Lagos, G. The effect of ownership structure on investment decisions under exogenous shocks. 2022 Corp. Gov.. 30 783-805
Paper not yet in RePEc: Add citation now
- Richardson, S. Over-investment of free cash flow. 2006 Rev. Acc. Stud.. 11 159-189
Paper not yet in RePEc: Add citation now
Roychowdhury, S. ; Shroff, N. ; Verdi, R.S. The effects of financial reporting and disclosure on corporate investment: a review. 2019 J. Account. Econ.. 68 -
Sharpe, S.A. Financial market imperfections, firm leverage, and the cyclicality of employment. 1994 Am. Econ. Rev.. 84 1060-1074
Shleifer, ; Vishy, A survey of corporate governance. 1997 J. Financ.. 52 737-783
- Singh, P.P. The inside job: share pledges by insiders and earnings management. 2018 SSRN Electron. J.. -
Paper not yet in RePEc: Add citation now
Spence, M. Job Market Signaling. 1973 Q. J. Econ.. 87 355-
- Tang, W. ; Xia, X. ; Jiang, F. Controlling shareholder equity pledges and corporate finance constraints. 2019 Account. Res.. 6 51-57
Paper not yet in RePEc: Add citation now
Vogt, S.C. The cash flow/investment relationship: evidence from U.S. manufacturing firms. 1994 Financ. Manag.. 23 3-
Wang, J. ; Wang, H. ; Wang, D. Equity concentration and investment efficiency of energy companies in China: evidence based on the shock of deregulation of QFIIs. 2021 Energy Econ.. 93 -
- Wu, ; Wu, Concentration of shareholding, hollowing out by major shareholders and self-interested management behaviour. 2011 J. Manage. Sci.. 14 34-44
Paper not yet in RePEc: Add citation now
Wu, Y. ; Lee, C.-C. ; Lee, C.-C. ; Peng, D. Geographic proximity and corporate investment efficiency: evidence from high-speed rail construction in China. 2022 J. Bank. Financ.. 140 -
- Xie, D. ; Zheng, D. ; Cui, C. Are controlling shareholders’ equity pledges a potential ‘landmine’? —A study based on the risk of share price collapse. 2016 Manage. World. 5 -
Paper not yet in RePEc: Add citation now
- Xie, L. ; Wang, C. Controlling shareholders’ share pledging and over-investment in listed companies. 2017 ShangHai Finance. 7 43-49
Paper not yet in RePEc: Add citation now
Xu, J. ; Huang, H. Pay more or pay less? The impact of controlling shareholders’ share pledging on firms’ dividend payouts. 2021 Pac. Basin Financ. J.. 65 -
- Xu, Y. ; Xue, J. ; Chen, X. Research on the agency problem of listed companies: evidence from entrusted investment. 2009 Nankai Bus. Rev.. 12 101-108
Paper not yet in RePEc: Add citation now
- Young, M.N. ; Peng, M.W. ; Ahlstrom, D. ; Bruton, G.D. ; Jiang, Y. Corporate governance in emerging economies: a review of the principal-principal perspective: corporate governance in emerging economies. 2008 J. Manag. Stud.. 45 196-220
Paper not yet in RePEc: Add citation now
- Zhai, S. ; Tong, L. ; Wu, B. Controlling Shareholders’ equity pledges and corporate Bank loans—an empirical study based on listed companies in China. 2020 Account. Res.. 6 75-92
Paper not yet in RePEc: Add citation now
- Zhang, R. ; Xu, X. ; Wang, C. Large shareholder equity pledges and corporate innovation. 2017 Audit Econ. Res.. 32 63-73
Paper not yet in RePEc: Add citation now
- Zhang, Y.L. . 2020 Southwest University of Finance and Economics:
Paper not yet in RePEc: Add citation now
- Zheng, G. ; Lin, D. ; Lin, B. Major shareholder equity pledges, possession and corporate value. 2014 J. Manage. Sci.. 17 72-87
Paper not yet in RePEc: Add citation now
- Zhu, X. ; Xiong, L. Share pledge, Internal control, and Inefficient investment. 2020 J. Zhong. Univer. Econ. Law. 3 97-106
Paper not yet in RePEc: Add citation now