Anderson, Hamish D.; Liao, Jing; Yue, Shuai - In: International Journal of Managerial Finance 18 (2021) 3, pp. 562-593
Purpose: Employing the anti-corruption campaign as an exogenous political shock, this paper examines how political intervention shapes the impact of financial expert CEOs on firm investment decisions. Design/methodology/approach: This paper uses a sample of 2,808 Chinese firms listed in the...