haku: @author Gedajlovic, E. / yhteensä: 6
viite: 3 / 6
| Tekijä: | Carney, M. Gedajlovic, E. |
| Otsikko: | The Coupling of Ownership and Control and the Allocation of Financial Resources: Evidence From Hong Kong |
| Lehti: | Journal of Management Studies
2002 : JAN, VOL. 39:1, p. 123-146 |
| Asiasana: | CONTROL ALLOCATION RESOURCE ALLOCATION HONG KONG COMPANIES |
| Kieli: | eng |
| Tiivistelmä: | This paper examines consequences regarding the generation and allocation of financial resources stemming from the coupling of ownership and control among Hong Kong based firms. In doing so, the authors join insights from the economics literature regarding the incentive and risk bearing consequences of coupled ownership and control with the extant management, sociology and history literatures regarding Chinese family business groups and develop and six hypotheses pertaining to patterns in the allocation of financial resources. Results indicate that coupled ownership and control is positively related with dividend payout levels and financial liquidity while it is negatively related to investments in capital expenditures. |
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