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Does the Geographic Location of Blockholder Matter? Evidence from Firms' Cross-Regional Investment Decisions in China

Huang, Wan; Bai, Yufan; Hong, Luo - 2023

Using hand-collected geographic location data of both blockholders and subsidiaries of all publicly listed firms in China from 2003 to 2019, this paper examines the impact of non-local blockholders (NLBs) on cross-regional investment of firms. We propose that NLBs with information advantage and...

Persistent link: https://www.econbiz.de/10014355461