Hand-in-Hand Relationship:A New Field of Research on Independence Issues
There is a unique social relationship in capital market,that is,there are more than once cooperative relations between two or more parties that should be independent,which is called"hand-in-hand relationship".There are seven forms of hand-in-hand relationship:long-term cooperation,following-up,re-appointment,concurrent position of the enterprise group,concurrent position of the non-enterprise group,exchange and circular rota-tion.Hand-in-hand relationship may have a negative impact because of the loss of independence,and it can also have a positive impact because of knowl-edge spillover.The theoretical circles have not paid enough attention to the particularity of the hand-in-hand relationship and have not conducted inde-pendent research.This is not enough to reveal the impact of hand-in-hand relationship on corporate governance and the healthy development of capital markets.Therefore,it is necessary to propose a preliminary research framework,review the existing literature and discuss future research directions,so as to provide guidance for hand-in-hand relationship as an important research topic.
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维普
