Liu, Jingwan; Tang, Wei; Zhao, Xingzhu - In: Journal of applied economics 26 (2023) 1, pp. 1-24
Using the 2014 to 2019 Forbes China Celebrity Lists, this study empirically examined the relationship between celebrity … shareholders and corporate risk. The findings suggest that celebrity shareholders increased corporate risk. And the main reason is …. Furthermore, this study finds that celebrity shareholders had a greater impact on corporate risk among firms with no independent …