Oster's Method

Equity Pledge by Controlling Shareholders and Corporate Misconduct: From the Perspective of Internal Control and External Supervision [in Chinese]
Taking Chinese A-share listed companies from 2013 to 2021 as samples, this paper qualifies the effects of controlling shareholders’ equity pledges on corporate frauds. The results show that controlling shareholders’ equity pledges significantly induces firms to engage in non-compliance and increased the pledge ratio, and disclosure fraud has a greater impact.
Weiwei Zheng, Xi Qu, Linglin An, Yaobin Liu
Cite DOI CNKI PDF Working Paper Appendix
Equity Pledge by Controlling Shareholders and Corporate Misconduct: From the Perspective of Internal Control and External Supervision [in Chinese]