Luo, Danglun; Chen, K. C.; Wu, Lifan - In: Review of development finance 7 (2017) 2, pp. 85-94
The political uncertainty surrounded by the turnover of government officials has a major impact on local economies and local firms. This paper investigates the relationship between the turnover of prefecture-city officials and the inherent risk faced by local firms in China. Using data from 1999...
