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We study the consequences of CEO turnover announcements on the stock prices of firms in China, where most listed firms remain majority-owned by the state. Our proposition is that state ownership may affect stock market reaction to CEO replacement because state-owned firms often pursue multiple,...
Persistent link: https://www.econbiz.de/10012148676
We study the consequences of CEO turnover announcements on the stock prices of firms in China, where most listed firms remain majority-owned by the state. Our proposition is that state ownership may affect stock market reaction to CEO replacement because state-owned firms often pursue multiple,...
Persistent link: https://www.econbiz.de/10010818586
We study the consequences of CEO turnover announcements on the stock prices of firms in China, where most listed firms remain majority-owned by the state. Our proposition is that state ownership may affect stock market reaction to CEO replacement because state-owned firms often pursue multiple,...
Persistent link: https://www.econbiz.de/10010730437
We study the consequences of CEO turnover announcements on the stock prices of firms in China, where most listed firms remain majority-owned by the state. Our proposition is that state ownership may affect stock market reaction to CEO replacement because state-owned firms often pursue multiple,...
Persistent link: https://www.econbiz.de/10013065392
This paper investigates and compares the characteristics of independent directors and supervisory board members in Chinese listed firms. The occupational backgrounds of independent directors and supervisory board members in listed firms are very different. Besides, different firms have different...
Persistent link: https://www.econbiz.de/10010225528
investment efficiency. Using the implementation of the GCGs as a quasi-natural experiment, we find that the GCGs improve … efficient investment in labor by upgrading human capital and mitigating agency conflicts. The effect is more pronounced when … firms face strong environmental law enforcement and low labor intensity. Furthermore, the promotion of labor investment has …
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