The Research of Corporate Governance, Industrial Over-investment and Corporate Over-investment

Su-yuan Tian
2017 Journal of Investment and Management  
The corporate governance of listed companies is the focus and hot spot of financial research in recent years. Using a sample of A-share listed firms in China for the period 2003-2015, the paper investigates corporate governance on the relationship between industrial over-investment and the over-investment. The results show that: (1) The information transparency restrains the positive relationship between industrial over-investment and the next period of over-investment. (2) Major shareholder
more » ... ajor shareholder increases the positive relationship between industrial over-investment and the over-investment.
doi:10.11648/j.jim.20170601.19 fatcat:wilble2kpzd4rdlffaurze5yrm