Cheung, Yan-Leung; Haw, In-Mu; Tan, Weiqiang; Wang, Wenming - In: Financial Management 43 (2014) 3, pp. 569-601
type="main" <p>Using earnings announcement events made by group member firms in Hong Kong, this study examines the governance role of boards of directors in curbing propping activities within family business groups. We find that earnings released by group member firms affect the stock prices of...</p>