The Relationship between the Change Trend of Financial Distress and Ownership Structure
In order to investigate the relationship between ownership structure and the change trend of financial distress, this paper divides listed companies into two groups(32 companies from distress to worse and 19 from distress to normal in 2007) according to the change trend of financial distress.After comparing characteristics of ownership structure of the two groups of companies, the paper finds companies with moderate ownership concentration is easily to change from financial distress to normal.The paper also finds an interesting result,which is contrary to some previous literatures. And the result is companies with low ownership fluidity of top five shareholders easily bail out financial distress.
Financial distress ownership structure share check and balance
Haiyan Zheng Ming Xu Zhonggang Liu
Glorious Sun School of Business and Management, Donghua University Shanghai 200051, China
国际会议
上海
英文
1097-1103
2009-05-27（万方平台首次上网日期，不代表论文的发表时间）