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Legal shareholder protection and corporate R&D investment

Xiao, Gang - In: The journal of corporate finance : contracting, … 23 (2013), pp. 240-266

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Trading and earnings management : evidence from China's non-tradable share reform

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Mispricing of Chinese warrants

Powers, Eric; Xiao, Gang - In: Pacific-Basin finance journal 30 (2014), pp. 62-86

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As told by the supplier : trade credit and the cross section of stock returns

Goto, Shingo; Xiao, Gang; Yan, Xu - In: Journal of banking & finance 60 (2015), pp. 296-309

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The information content of insider trading : evidence from China

Qiu, Ying; He, Hua; Xiao, Gang - In: Finance research letters 26 (2018), pp. 126-131

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Legal Shareholder Protection and Corporate R&D Investment

Xiao, Gang - 2013

This paper investigates the effects of shareholder protection law on corporate R&D investment. I find that the institutional protection of shareholder benefits reduces both underinvestment and overinvestment in R&D projects. Legal shareholder rights significantly increase R&D investment for...

Persistent link: https://www.econbiz.de/10013091334