skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Controlling shareholder share pledging and Enterprise Cost Stickiness: Evidence from Chinese Firms

E3S Web of Conferences, 2020-01, Vol.214, p.2003 [Peer Reviewed Journal]

2020. This work is licensed under https://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and conditions, you may use this content in accordance with the terms of the License. ;ISSN: 2267-1242 ;ISSN: 2555-0403 ;EISSN: 2267-1242 ;DOI: 10.1051/e3sconf/202021402003

Full text available

Citations Cited by
  • Title:
    Controlling shareholder share pledging and Enterprise Cost Stickiness: Evidence from Chinese Firms
  • Author: Li, Ziyang ; Zhang, Yingyue ; Tan, Xiaohan ; Yu, Wen
  • Ahn, Y. ; Wu, F.
  • Subjects: Cost analysis ; Equity ; Stockholders
  • Is Part Of: E3S Web of Conferences, 2020-01, Vol.214, p.2003
  • Description: Using a sample of Chinese enterprises pledge during the period 2008-2017, this paper investigates the cost management behavior of enterprises during the pledge period of major shareholders’ stock rights. Our findings show that with the increase of the equity pledge rate, the cost stickiness of enterprises is enhanced. Further analysis shows that the behavior that the controlling shareholder invests the equity pledge funds to a third party weakens the cost stickiness of the enterprise. We further contribute to the literature on sticky cost and equity pledge by discussing the strategic choices of major shareholders to avoid risks during the equity pledge period.
  • Publisher: Les Ulis: EDP Sciences
  • Language: English
  • Identifier: ISSN: 2267-1242
    ISSN: 2555-0403
    EISSN: 2267-1242
    DOI: 10.1051/e3sconf/202021402003
  • Source: EDP Open
    ROAD: Directory of Open Access Scholarly Resources
    ProQuest Central
    DOAJ Directory of Open Access Journals
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait