Notice of Retraction: Research on the relationship between firm value and ownership structure on the context of centralized ownership - The empirical study of listed companies in China's manufacturing industry

Lixin Pan; Jin Li

doi:10.1109/ICEE.2010.315

Notice of Retraction: Research on the relationship between firm value and ownership structure on the context of centralized ownership - The empirical study of listed companies in China's manufacturing industry

Lixin Pan^*
, Jin Li

^*Corresponding author for this work

School of Economics and Management

Beihang University

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

On the context of centralized ownership, the basic conflicts exited in the companies are not the principal-agent conflicts, but the principal-principal conflicts. According to this consideration, we choose the listed companies in China's manufacturing industry from 2003 to 2006 as our research target, and exam the relationship between firm value and ownership structure for the listed companies with concentrated ownership structure in this paper. The empirical results show that there is a positive U-shape relationship between the firm value and controlling shareholder equity ratio, and the relationship between firm value and the degree of stock checks and balances is shown as the inverted U-shape.

Original language	English
Title of host publication	Proceedings of the International Conference on E-Business and E-Government, ICEE 2010
Publisher	IEEE Computer Society
Pages	1230-1234
Number of pages	5
ISBN (Print)	9780769539973
DOIs	https://doi.org/10.1109/ICEE.2010.315
State	Published - 2010

Publication series

Name	Proceedings of the International Conference on E-Business and E-Government, ICEE 2010

Keywords

Centralized ownership
Firm value
PP conflicts
Stock checks and balances

Access to Document

10.1109/ICEE.2010.315

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Pan, L., & Li, J. (2010). Notice of Retraction: Research on the relationship between firm value and ownership structure on the context of centralized ownership - The empirical study of listed companies in China's manufacturing industry. In Proceedings of the International Conference on E-Business and E-Government, ICEE 2010 (pp. 1230-1234). Article 5592016 (Proceedings of the International Conference on E-Business and E-Government, ICEE 2010). IEEE Computer Society. https://doi.org/10.1109/ICEE.2010.315

Pan, Lixin ; Li, Jin. / Notice of Retraction : Research on the relationship between firm value and ownership structure on the context of centralized ownership - The empirical study of listed companies in China's manufacturing industry. Proceedings of the International Conference on E-Business and E-Government, ICEE 2010. IEEE Computer Society, 2010. pp. 1230-1234 (Proceedings of the International Conference on E-Business and E-Government, ICEE 2010).

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title = "Notice of Retraction: Research on the relationship between firm value and ownership structure on the context of centralized ownership - The empirical study of listed companies in China's manufacturing industry",

abstract = "On the context of centralized ownership, the basic conflicts exited in the companies are not the principal-agent conflicts, but the principal-principal conflicts. According to this consideration, we choose the listed companies in China's manufacturing industry from 2003 to 2006 as our research target, and exam the relationship between firm value and ownership structure for the listed companies with concentrated ownership structure in this paper. The empirical results show that there is a positive U-shape relationship between the firm value and controlling shareholder equity ratio, and the relationship between firm value and the degree of stock checks and balances is shown as the inverted U-shape.",

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author = "Lixin Pan and Jin Li",

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Pan, L & Li, J 2010, Notice of Retraction: Research on the relationship between firm value and ownership structure on the context of centralized ownership - The empirical study of listed companies in China's manufacturing industry. in Proceedings of the International Conference on E-Business and E-Government, ICEE 2010., 5592016, Proceedings of the International Conference on E-Business and E-Government, ICEE 2010, IEEE Computer Society, pp. 1230-1234. https://doi.org/10.1109/ICEE.2010.315

Notice of Retraction: Research on the relationship between firm value and ownership structure on the context of centralized ownership - The empirical study of listed companies in China's manufacturing industry. / Pan, Lixin; Li, Jin.
Proceedings of the International Conference on E-Business and E-Government, ICEE 2010. IEEE Computer Society, 2010. p. 1230-1234 5592016 (Proceedings of the International Conference on E-Business and E-Government, ICEE 2010).

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

TY - CHAP

T1 - Notice of Retraction

T2 - Research on the relationship between firm value and ownership structure on the context of centralized ownership - The empirical study of listed companies in China's manufacturing industry

AU - Pan, Lixin

AU - Li, Jin

PY - 2010

Y1 - 2010

N2 - On the context of centralized ownership, the basic conflicts exited in the companies are not the principal-agent conflicts, but the principal-principal conflicts. According to this consideration, we choose the listed companies in China's manufacturing industry from 2003 to 2006 as our research target, and exam the relationship between firm value and ownership structure for the listed companies with concentrated ownership structure in this paper. The empirical results show that there is a positive U-shape relationship between the firm value and controlling shareholder equity ratio, and the relationship between firm value and the degree of stock checks and balances is shown as the inverted U-shape.

AB - On the context of centralized ownership, the basic conflicts exited in the companies are not the principal-agent conflicts, but the principal-principal conflicts. According to this consideration, we choose the listed companies in China's manufacturing industry from 2003 to 2006 as our research target, and exam the relationship between firm value and ownership structure for the listed companies with concentrated ownership structure in this paper. The empirical results show that there is a positive U-shape relationship between the firm value and controlling shareholder equity ratio, and the relationship between firm value and the degree of stock checks and balances is shown as the inverted U-shape.

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KW - Firm value

KW - PP conflicts

KW - Stock checks and balances

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PB - IEEE Computer Society

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Pan L, Li J. Notice of Retraction: Research on the relationship between firm value and ownership structure on the context of centralized ownership - The empirical study of listed companies in China's manufacturing industry. In Proceedings of the International Conference on E-Business and E-Government, ICEE 2010. IEEE Computer Society. 2010. p. 1230-1234. 5592016. (Proceedings of the International Conference on E-Business and E-Government, ICEE 2010). doi: 10.1109/ICEE.2010.315

Notice of Retraction: Research on the relationship between firm value and ownership structure on the context of centralized ownership - The empirical study of listed companies in China's manufacturing industry

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