Share Pledges and Firm Value
Share pledging occurs when investors use their shareholding as collateral to obtain personal loans. In China, the practice of share pledging has grown exponentially in recent years, with potentially significant impacts on non-pledging shareholders, especially given high agency conflicts between cont...
| Main Authors: | , , |
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| Format: | Others |
| Published: |
Massey University,
2019-01-14T01:09:56Z.
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| Subjects: | |
| Online Access: | Get fulltext |