

臺大管理論叢
第
27
卷第
2
期
159
Chen, G., Firth, M., Xin, Y., and Xu, L. 2008. Control transfers, privatization, and corporate
performance: Efficiency gains in China’s listed companies.
Journal of Financial
and Quantitative Analysis
, 43 (1): 161-190. doi: 10.1017/S0022109000002787
Chen, G., Firth, M., and Xu, L. 2009. Does the type of ownership control matter? Evidence
from China’s listed companies.
Journal of Banking & Finance
, 33 (1): 171-181.
doi: 10.1016/j.jbankfin.2007.12.023
Chen, X., Harford, J., and Li, K. 2007. Monitoring: Which institutions matter?.
Journal of
Financial Economics
, 86 (2): 279-305. doi: 10.1016/j.jfineco.2006.09.005
Cheung, Y. L., Jing, L., Lu, T., Rau, P. R., and Stouraitis, A. 2009. Tunneling and propping
up: An analysis of related party transactions by Chinese listed companies.
Pacific-
Basin Finance Journal
, 17 (3): 372-393. doi: 10.1016/j.pacfin.2008.10.001
Cheung, Y. L., Rau, P. R., and Stouraitis, A. 2010. Helping hand or grabbing hand? Central
vs. local government shareholders in Chinese listed firms.
Review of Finance
, 14
(4): 669-694. doi: 10.1093/rof/rfp024
Gillan, S., and Starks, L. T. 2003. Corporate governance, corporate ownership, and the role
of institutional investors: A global perspective.
Journal of Applied Finance
, 13
(2): 4-22. doi: 10.2139/ssrn.439500
He, J., Mao, X., Rui, O. M., and Zha, X. 2013. Business groups in China.
Journal of
Corporate Finance
, 22: 166-192. doi: 10.1016/j.jcorpfin.2013.05.001
Jian, M., and Wong, T. J. 2010. Propping through related party transactions.
Review of
Accounting Studies
, 15 (1): 70-105. doi: 10.1007/s11142-008-9081-4
Kang, J. K., and Stulz, R. M. 1997. Why is there a home bias? An analysis of foreign
portfolio equity ownership in Japan.
Journal of Financial Economics
, 46 (1):
3-28. doi: 10.1016/S0304-405X(97)00023-8
Lei, A. C. H., and Song, F. M. 2011. Connected transactions and firm value: Evidence from
China-affiliated companies.
Pacific-Basin Finance Journal
, 19 (5): 470-490. doi:
10.1016/j.pacfin.2011.07.002
Li, K., Wang, T., Cheung, Y. L., and Jiang, P. 2011. Privatization and risk sharing: Evidence
from the split share structure reform in China.
The Review of Financial Studies
,
24 (7): 2499-2525. doi: 10.1093/rfs/hhr025
Masulis, R. W., Pham, P. K., and Zein, J. 2011. Family business groups around the world:
Financing advantages, control motivations, and organizational choices.
The
Review of Financial Studies
, 24 (11): 3556-3600. doi: 10.1093/rfs/hhr052
Maury, B., and Pajuste, A. 2005. Multiple large shareholders and firm value.
Journal of