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Using Shanghai-Hong Kong Stock Connect program as a quasi-natural experiment, we examine whether and how stock market liberalization affects companies’ R&D disclosure in China. Contrary to the positive impact of market liberalization on overall firm disclosure, we find that market...
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Using Shanghai-Hong Kong Stock Connect program as a quasi-natural experiment, we examine whether and how stock market liberalization affects corporate R&D disclosure in China. Contrary to the positive impact of stock market liberalization on overall firm disclosure, we find that stock market...
Persistent link: https://www.econbiz.de/10014257925