Purpose The goal of this paper is to investigate the relationship between government control and firm value in China. Design/methodology/approach Government might extract social or political benefits from a state-controlled firm, thus decreases firm value. However, government’s monitoring on...

I derive the approximate bias and mean squared error of the least squares estimator of the autoregressive coefficient in a stationary first-order dynamic regression model, with or without an intercept, under a general error distribution. It is shown that the effects of nonnormality on the...