Please use this identifier to cite or link to this item: https://doi.org/10.1007/s10997-005-4034-9
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dc.titleLegal person ownership, diversification strategy and firm profitability in China
dc.contributor.authorDelios, A.
dc.contributor.authorWu, Z.J.
dc.date.accessioned2013-10-09T06:54:19Z
dc.date.available2013-10-09T06:54:19Z
dc.date.issued2005
dc.identifier.citationDelios, A., Wu, Z.J. (2005). Legal person ownership, diversification strategy and firm profitability in China. Journal of Management and Governance 9 (2) : 151-169. ScholarBank@NUS Repository. https://doi.org/10.1007/s10997-005-4034-9
dc.identifier.issn13853457
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/44328
dc.description.abstractLegal person ownership is the second largest ownership identity in China's public listed companies, yet it has received limited attention compared to the already extensive research on China's state ownership. We investigate the relationships between the concentration of legal person shareholding, product diversification and firm performance for China's listed companies. We find that relying on legal person shareholder as a lever for more profit-oriented governance cannot be an unqualified linear prescription, but it has this effect only if legal person shareholders have a high level of ownership concentration and are not in a minority ownership position. © Springer 2005.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1007/s10997-005-4034-9
dc.sourceScopus
dc.subjectAgency theory
dc.subjectDiversification strategy
dc.subjectLegal person shareholding
dc.typeArticle
dc.contributor.departmentBUSINESS POLICY
dc.description.doi10.1007/s10997-005-4034-9
dc.description.sourcetitleJournal of Management and Governance
dc.description.volume9
dc.description.issue2
dc.description.page151-169
dc.identifier.isiut000409834300003
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