Wang, Jiwei; Ye, Kangtao - In: Journal of Business Ethics 127 (2015) 3, pp. 501-511
Drawing on both a managerial discipline perspective and an information intermediary perspective, we explore how media coverage of a firm’s controlling shareholder influences firm valuation in corporate China. Using 366 listed family firms in China from 2003 to 2006, we find that firms in which...