西南交通大学学报（英文版）2007，Vol.15Issue(1)：55-58,4.
Investor Protection, Ownership Structure and Corporate Valuation
Investor Protection, Ownership Structure and Corporate Valuation
LIU Pei-tang 1WU Chong-feng1
作者信息
- 1. Antai School of Management, Shanghai Jiaotong University, Shanghai 200052, China
- 折叠
摘要
Abstract
The purpose of this paper is to investigate the relationship between investor protection, ownership structure and corporate valuation. La Porta showed that there existed a simple linear relationship between corporate valuation and the holding percentage of controlling shareholders. But recent empirical evidence does not support it. A nonlinear relationship is proved between ownership structure and corporate valuation by relaxing the assumption of La Porta's model in this paper. There exists a positive relation between investor protection and corporate valuation. Our empirical research shows that this relation is significantly positive indeed.关键词
Investor protection/Corporate valuation/Ownership structure/Cross-Listing/Splitting of corporate ownershipKey words
Investor protection/Corporate valuation/Ownership structure/Cross-Listing/Splitting of corporate ownership分类
管理科学引用本文复制引用
LIU Pei-tang,WU Chong-feng..Investor Protection, Ownership Structure and Corporate Valuation[J].西南交通大学学报（英文版）,2007,15(1):55-58,4.
