Business, Management and Accounting
3 years ago

China's largest shareholders unchanged by cash flow rights, need supervision.

1 view
China Journal of Accounting Research
Does strengthening large shareholders’ cash flow rights reduce their expropriation motivation? Evidence from China’s dividend tax reforms
Hang Liu

Paper Summary

Strengthening large shareholders' cash flow rights in China doesn't reduce their motivation to take money from the company. They care more about control than money. When other shareholders watch them, they take less money.

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