Xie, Weimin; Zhang, Hengxin; Guo, Jialu; He, Miao - In: China journal of accounting research : CJAR 15 (2022) 4, pp. 1-23
Whether the implementation of a national industrial policy can maintain stability in the financial market is a question of theoretical and practical significance. Using data from China's non-financial listed firms from 2007 to 2020, we find that a national industrial policy lowers stock price...
