The Value of Local Political Capital in Transition China

This paper documents stock market responses to the arrest of Shanghai's top leader by the Chinese central government in September 2006. The effects of personal-level and organizational-level connections to the local state are found to be negative and insignificant, respectively, on cumulative abnormal returns (CARs). Furthermore, companies having both personal and organizational political ties experienced the most adverse market reaction

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Year of publication:	2017
Authors:	Sun, Pei
Other Persons:	Xu, Haoping (contributor) ; Zhou, Jian (contributor)
Publisher:	[2017]: [S.l.] : SSRN
Subject:	China \| Systemtransformation \| Economic transition \| Kapitalismus \| Capitalism \| Wirtschaftsreform \| Economic reform
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: 2011. Economics Letters, Vol. 110, No. 3, 189-192 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2011 erstellt Volltext nicht verfügbar
Classification:	b26 ; P16 - Political Economy
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012961906