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How are political connections valued in China? : evidence from market reaction to CEO succession
He, Lerong; Wan, Hong; Zhou, Xin - In: International review of financial analysis 36 (2014), pp. 141-152
Persistent link: https://www.econbiz.de/10010530860
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Star CEOs or political connections? : evidence from China's publicly traded firms
Conyon, Martin J.; He, Lerong; Zhou, Xin - In: Journal of business finance & accounting : JBFA 42 (2015) 3/4, pp. 412-443
Persistent link: https://www.econbiz.de/10011553314
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Superstar Chinese CEOs
Conyon, Martin J.; He, Lerong; Zhou, Xin - 2014
The paper investigates costs and benefits of hiring a star CEO. Using a sample of Chinese listed firms between 2000 and 2010, we find that the appointment of a star CEO is associated with significantly positive cumulative abnormal returns surrounding the announcement day. These findings remain...
Persistent link: https://www.econbiz.de/10014149088