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detected by high-resolution satellites in China during 2005 to 2011, this paper investigates the impacts of fires on cognitive …
Persistent link: https://www.econbiz.de/10012480149
We document the market response to an unexpected announcement of proposed sales of government-owned shares in China. In …
Persistent link: https://www.econbiz.de/10012464873
We document evidence of corruption in Chinese state asset sales. These sales involved stakes in partially privatized firms, providing a benchmark - the price of publicly traded shares - to measure underpricing. Underpricing is correlated with deal attributes associated with misgovernance and...
Persistent link: https://www.econbiz.de/10012458575