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The completion of this research would not have been possible without the generous support of many individuals and institutions. These are specific obligations which I wish to acknowledge here. I would like to express my gratitude to my thesis supervisors. I am highly indebted to Professor Franz Waldenberger for his invaluable help and - couragement from the very beginning of this research project. Not only this research but I personally greatly benefited from his guidance and - pervision over the years. I am also indebted to Professor Ralf Elsas for his support and detailed comments which significantly improved this research. At the University of Munich, I would further like to thank Professor Joachim Winter and Dr. Florian Heiss for their patience and effort in - creasing my understanding of the econometric methods used in this study. Perhaps even more important I am indebted to them because of their c- tribution in shaping my fascination about micro-econometrics in general.
List of contents
China's reform process, stock market development, and testable hypotheses.- Data, concept of control, and summary statistics on changes in control.- Causes of changes in ultimate share ownership.- Consequences of changes in ultimate share ownership.- Conclusion.
Summary
The completion of this research would not have been possible without the generous support of many individuals and institutions. These are specific obligations which I wish to acknowledge here. I would like to express my gratitude to my thesis supervisors. I am highly indebted to Professor Franz Waldenberger for his invaluable help and - couragement from the very beginning of this research project. Not only this research but I personally greatly benefited from his guidance and - pervision over the years. I am also indebted to Professor Ralf Elsas for his support and detailed comments which significantly improved this research. At the University of Munich, I would further like to thank Professor Joachim Winter and Dr. Florian Heiss for their patience and effort in - creasing my understanding of the econometric methods used in this study. Perhaps even more important I am indebted to them because of their c- tribution in shaping my fascination about micro-econometrics in general.
