SHAREHOLDING STRUCTURE, CORPORATE COMPLIANCE, AND THE ECONOMIC IMPACT OF CRISIS EVENTS: EVIDENCE FROM THE YANGTZE RIVER DELTA

Abstract

This study examines the imposition of stricter penalties on firms failing to comply with regulations and investigates their subsequent impact on corporate development, market stability, and Chinas economic growth. It analyses the factors influencing corporate compliance and considers significant events that have occurred in the Yangtze River Delta in recent years. The primary objective is to identify strategies for enhancing corporate compliance management, particularly to mitigate corporate losses during societal crises. The research utilises a sample comprising A-share listed companies within the Yangtze River Delta from 2015 to 2022. Findings indicate that the structure of shareholding influences corporate compliance, while crisis events act as a moderating factor in the relationship between ownership concentration and compliance practices.