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This paper examines the stock market response to the establishment of M&A funds by Chinese listed firms and the investments made by M&A funds. Our results show that the establishment of M&A funds by listed firms in general do not create value. Even after these M&A funds make investments, there...
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We show evidence that female board representation is associated with greater innovative success, and thus enhances firm performance in innovation-intensive industries. Firms with female directors tend to invest more in innovation and obtain more patents and citations for given R&D expenditures....
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