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Persistent link: https://www.econbiz.de/10012019665

Is the stock market just a side show? : evidence from a structural reform

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Is the Stock Market Just a Side Show? Evidence from a Structural Reform

Campello, Murillo - 2014

The 2005 split-share reform in China mandated the conversion of nontradable stocks into tradable status. This paper examines the effects of stock markets on corporate outcomes exploiting multiple institutional features of the Chinese conversion program. Using a generalized propensity score...

Persistent link: https://www.econbiz.de/10012458543

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