Title :
Notice of Retraction
Ultimate ownership, investor relations management and firm value: Evidence from family listed-companies in China
Author :
Shui-ping, Shi ; Ben-ren, Shi
Author_Institution :
Management School, Jinan University Guangzhou, P.R. China, 510632
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
This thesis analyzes the affection of ultimate ownership to IRM and firm value under family pyramid structure of China. We find that: the IRM of family listed-companies has a negative relation with control rights of family controlling, positive relation with cash flow rights, negative relation with excessive control rights and positive relation with firm value. Further more, the IRM and firm value of family listed-companies has a negative relation with whether or not controlling shareholder appoints to management layer and whether CEO unites as one or not with president.
Keywords :
Companies; Indexes; Industries; Internet; Stock markets; IRM; cash flow rights; excessive control rights; family controlling; firm value;
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
DOI :
10.1109/ICEBEG.2011.5881448
