Fu, Fanjie; Yao, Shujie; Fang, Jing; Zheng, Yu; Wang, … - In: Borsa Istanbul Review 22 (2022) 6, pp. 1079-1097
This paper investigates the impact on the risk of a crash in the stock price (SPCR) of a hometown connection between a firm's chief executive officer (CEO) and suppliers. Using manually collected data on CEOs' hometown connections among Chinese A-share companies (A-shares, or RMB common shares,...