Research on the influence of major shareholder equity Pledge on enterprise risk taking

Yi Liu; Hongwei Sun; Yujia Dai; Dong Wang

doi:10.54097/jid.v2i3.7282

Authors

Yi Liu
Hongwei Sun
Yujia Dai
Dong Wang

DOI:

https://doi.org/10.54097/jid.v2i3.7282

Keywords:

Major shareholder equity pledge, Enterprise risk, Financing constraint

Abstract

Equity pledge as a financing method in the financial market is widespread. The pledge of major shareholders' equity may bring risks to the enterprise's operation and market. Therefore, it is of great theoretical and practical significance to study the influence of equity pledge of major shareholders on corporate risk taking. On the one hand, the research of this project can enrich the theory of the influence of equity pledge of major shareholders on corporate risk taking; On the other hand, through the research on the impact of the pledge of major shareholders' equity on the enterprise's risk taking, the paper puts forward suggestions for better regulating the pledge of major shareholders' equity and improving the enterprise's risk-taking level.

Downloads

Download data is not yet available.

References

Shi Yongdong, Song Mingyong, Li Fengyu et al. Equity Pledge of Controlling Shareholders and Interest Protection of Corporate Creditors: Evidence from China's Bond Market [J]. Journal of Economic Research, 201,56(08):109-126.]

He Weifeng, Liu Yijun, Wu Yuyu. Research on equity pledge of major shareholders and corporate risk taking [J]. China Soft Science,2018 ,No.329(05):110-122.

Zhang Qingjun, Huang Ling, Shen Si. Does equity pledge of Controlling Shareholders have slow-release effect on enterprise default Risk? Evidence from illegal listed companies [J]. Audit & Economics Research,2021,36(03):77-87.

Guo. The risk of equity financing of listed companies research [J]. Modern marketing (below the ten-day), 2020 (11) : 104-105. The DOI: 10.19932 / j.carol carroll nki. 22-1256 / f 2020.11.049.

Gu Haifeng, Bian Yuchen. Equity pledge, financing constraints and Enterprise Innovation of Controlling shareholders [J]. Statistics and Information Forum,2021,36(10):55-66. (in Chinese)

Zhao Yuzhen, Shang Yanfeng, Zhao Junmei. Equity Pledge, risk bearing level and Bond default risk of major Shareholders [J]. Journal of Nanjing Audit University,2022,19(01):80-88.

HUANG Yaqi. Research on Risk and Prevention of Equity Pledge Financing of Controlling Shareholder -- Taking Huayi Brothers as an Example [J]. Hebei enterprises, 2022, No. 392 (3): 81-83. The DOI: 10.19885 / j.carol carroll nki hbqy. 2022.03.026.