Ownership structure, external auditing, and corporate governance: evidence from Hong Kong.

• Other Authors: Chung, Chi-man.
• Format: Others
• Language: English; Chinese
• Published: 2003
• Subjects: Stock ownership; Stock ownership > China > Hong Kong; Corporations > Auditing; Corporate governance; Corporate governance > China > Hong Kong
• Online Access: http://library.cuhk.edu.hk/record=b5891661; http://repository.lib.cuhk.edu.hk/en/item/cuhk-324371

Chung Chi-man. === Thesis (M.Phil.)--Chinese University of Hong Kong, 2003. === Includes bibliographical references (leaves 91-94). === Abstracts in English and Chinese. === Abstract --- p.ii === 摘要 --- p.iii === Acknowledgement --- p.iv === Table of Contents --- p.v === Chapter Chapter 1 --- Introduction === Chapter 1.1 --- Agency Theory --- p.1 === Chapter 1.2 --- Separation of Large and Small Shareholders --- p.2 === Chapter 1.3 --- The Role of Auditing in Corporate Governance --- p.5 === Chapter Chapter 2 --- The Framework of Corporate Governance and External Auditing in Hong Kong === Chapter 2.1 --- Corporate Governance in Hong Kong --- p.9 === Chapter 2.2 --- External Auditing in Hong Kong --- p.12 === Chapter Chapter 3 --- Construction of the Data === Chapter 3.1 --- Assembly of the Primary Data --- p.14 === Chapter 3.2 --- Traces of the Identities of the Ultimate Owners --- p.17 === Chapter 3.3 --- Construction of the Industry-Adjusted Audit Rate Data and Some Descriptive Statistics --- p.19 === Chapter Chapter 4 --- Ownership and Control Patterns === Chapter 4.1 --- An Improved Research Methodology --- p.24 === Chapter 4.2 --- Discussions of Ownership and Control Patterns --- p.26 === Chapter 4.3 --- Ownership and Control by Owner Types --- p.30 === Chapter Chapter 5 --- Examples of Typical Ownership Patterns === Chapter 5.1 --- The Li Ka-Shing Business Group --- p.35 === Chapter 5.2 --- The Swire Group --- p.40 === Chapter 5.3 --- The Kuok Khoon-Ean Business Group --- p.41 === Chapter Chapter 6 --- Regression Analyses === Chapter 6.1 --- The Variables --- p.43 === Chapter 6.2 --- Regression Results and Discussions --- p.46 === Chapter 6.3 --- A Restricted Model --- p.52 === Chapter Chapter 7 --- Some Concluding Remarks --- p.55 === Tables === Table 1 Description Statistics of the Unadjusted Auditing Rate Data --- p.57 === Table 2 Separation of Ownership and Control Rights --- p.58 === "Table 3 Control of Publicly Traded Companies, by Owner Types" --- p.59 === Table 4 Description of Regression Variables --- p.60 === Table 5 Regression Results on the Relationship between Industry- Adjusted Auditing Rates and the Largest Shareholders' Ownership and Control (Full Sample) --- p.63 === Table 6 Regression Results on the Relationship between Industry- Adjusted Auditing fee and the Largest Shareholders' Ownership and Control (Family-controlled or Corporate-Entity-controlled Firms Only) --- p.66 === Figures === Figure 1 The Structure of Hang Seng Composite Index --- p.68 === Figure 2 The Relationship between Different Types of Large Shareholders --- p.69 === "Figure 3a The Li, Ka-Shing Group" --- p.70 === Figure 3b Details of the Calculations of the Concentrated Ownership and Control Stakes --- p.71 === Figure 4 The Connections of the Chinese Government and a Diverse Corporation (Swire Group) --- p.72 === "Figure 5 The Kuok, Khoon-Ean Group (An Example of Flat Structure)" --- p.73 === Appendices === Figure A1 HSBC Holdings PLC --- p.74 === Figure A2 The Bank of East Asia --- p.75 === Figure A3 JCG Holdings Limited --- p.76 === Figure A4 Moulin International Holdings limited --- p.77 === Figure A5 Yue Yuen Industrial (Holdings) Limited --- p.78 === Figure A6 Orient Overseas (International) Limited --- p.79 === Figure A7 Sun Man Tai Holdings Company Limited --- p.80 === "Figure A8 The Lee, Shan-Kee Group" --- p.81 === Figure A9 China National Aviation Company Limited --- p.82 === Figure A10 ICBC (Asia) Limited --- p.83 === Figure A11 MTR Corporation --- p.84 === "Figure A12 The Liu, Lit-Man Group" --- p.85 === Table A1 Summary Description of the Data --- p.86 === Bibliography --- p.91