Jin, Tingting; Zhao, Xu; Sun, Xiaoyan; Guan, Yueyao - In: China Accounting and Finance Review 28 (2025) 1, pp. 89-116
This study empirically examines the relationship between the blockholder exit threats (ETs) and management tone … positive tone. Blockholder exit threat (ET), following Dou et al. (2018), is proxied by the interaction between stock liquidity …