Windfalls of emperors' sojourns: stock market reactions to Chinese firms hosting high-ranking government officials
We contribute to the corporate political activity (CPA) literature by showing that investors value companies that host visits of high ranking government officials (President and Premier). We argue that investors may value hosting firms for two reasons: (1) the signal received about possibility of fi...
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| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
2018
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/89465 http://hdl.handle.net/10220/44925 |
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| Institution: | Nanyang Technological University |
| Language: | English |