Showing 1 - 10 of 59,560
We examine changes in bank loan contracts after borrowers experience a nearby local newspaper closure. Compared to a … sample of control firms, we find that the closure of a local newspaper leads to higher interest spreads for borrowers. The … effect is stronger when the local newspaper is more important for information generation, when the borrower’s information …
Persistent link: https://www.econbiz.de/10013307489
Persistent link: https://www.econbiz.de/10014306979
China's newspaper censorship, which blocks further dissemination of firm-disclosed information, using a setting of …
Persistent link: https://www.econbiz.de/10012854785
Persistent link: https://www.econbiz.de/10012504349
Persistent link: https://www.econbiz.de/10012296374
Persistent link: https://www.econbiz.de/10013429278
ultimately controlled by individuals or families (hereafter “entrepreneurial firms”) for 2004 in China, to investigate the effect …
Persistent link: https://www.econbiz.de/10011823380
Based on behavioral finance theory, we discuss the influence of managers' herd behavior on corporate financialization from the perspective of managers' behavioral preferences. Empirical testing was conducted using data from nonfinancial listed firms on the Shanghai and Shenzhen A-shares from...
Persistent link: https://www.econbiz.de/10014460417
This paper documents recent structural changes in China's corporate landscape, based on company level data, providing a … complementary perspective to that of official Chinese statistics. We classify China's largest companies by revenue since 2004 (based …
Persistent link: https://www.econbiz.de/10013184745
Persistent link: https://www.econbiz.de/10012064931