Liang, Shangkun; Niu, Yuhao; Wang, Sichao; Yuan, Chun - In: China journal of accounting research : CJAR 17 (2024) 4, pp. 1-30
Using data on Chinese listed companies for 2008-2018, we find that firms participating in overseas operations, proxied … losses. At the macro level, the effects are more pronounced when overseas operations are in OECD and Belt and Road countries …