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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Bibliographic Details
Main Authors: Schuler, Douglas A., Shi, Wei, Hoskisson, Robert E., Chen, Jonas Tao
Other Authors: Nanyang Business School
Format: Article
Language:English
Published: 2018
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

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