Abstract

This paper studies the effect of the heterogeneity of major shareholders of listed companies in China on the lossreversibility after they occur loss.The empirical results show that in the sample of all the losses listed companies,the extent of loss reversal occurred of non-controlling shareholders of listed companies after loss wassignificantly higher than the losses listed companies of controlling shareholders, that have dispersed ownershipand validity checks and balances to shareholders of listed companies to make proactive in losses after losses, buteven larger losses reversed, the losses of state-owned controlling shareholders of listed companies and the lossof other listed companies, the largest shareholder of the loss of state property, the largest shareholder of listedcompanies and the loss of other property companies listed on the extent of the loss is not significantly reversed.

This work is licensed under a Creative Commons Attribution 4.0 License.