4Bai, Chong-En, Qiao Liu, and Frank Song, 2002, "The Value of Corporate Control: Evidence from China' s ST Companies." Working Paper, CCFR, University of Hong Kong.
5Berle, Adolf, and Gardiner Means, 1932, The Modern Corporation and Private Property. New York: Macmillan.
6Chen, Zhiwu, and Peng Xiong, 2002, The lUiquidity Discount in China. International Center for Financial Research, Yale University.
7Chow, Kogn Wing, Kit Pong Wong, and Frank Song, 2002, "Investment and the Soft Budget Constraint in China", working paper, CCFR,University of Hong Kong.
8Claessens, Stijin, Simeon Djankov, and Larry Lang, 2000, "The Separation of Ownership and Control in East Asian Corporations." Journal of Financial Economics, 58,1: 81-112.
9Denis, Diane K., and John J. McConnell, 2003, "International Corporate Governance. " Journal of Financial and Quantitative Analysis, 38,1 : 1-36.
10La Porta, Rafael, Flowrencio Lopez-de-Silanes, Andrei Shleifer, and Robert W. Vishny, 1998, "Law and Finance. " Journal of Political Economy. 106: 1112-1155.
1Jensen M.C.Meckling W.H.(1976).Theory of the firm:Managerial behavior,agency costs and ownership structure[J].Journal of Financial Economics,3(4):305-360.
2Warfield T.D.John.J.Wild and Kenneth.L.Wild,“Managerial Ownership,Accounting Choices and Informativeness of Earnings Journal of Accounting and Economics,Vol.20,PP61-91,1995”.
3Parker,S.,Gary,F.P.and Howard,F.T.(2002),“Corporate governance and corporate failure:a survival analysis”,Corporate Governance:The International Journal of Business in Society,Vol.2No.2,pp.4-12.
4Jensen M.C.Meckling W.H.(1976).Theory of the firm:Managerial behavior,agency costs and ownership structure[J].Journal of Financial Economics,3(4):305-360.
5Jensen,M.C.and Murphy,K.J.1990.Performance Pay and Top management Incentives.Journal Political Economy,2,pp132-151.
