This paper examines whether politically connected firms engage more or less in corporate philanthropy than politically unconnected firms. We argue that political connections have countervailing effects on corporate philanthropy and that the study of publically traded firms (“public firms”)...

"We document the market response to an unexpected announcement of proposed sales of government-owned shares in China. In contrast to the "privatization premium" found in earlier work, we find a negative effect of government ownership on returns at the announcement date and a symmetric positive...

We document the market response to an unexpected announcement of proposed sales of government-owned shares in China. In contrast to the "privatization premium" found in earlier work, we find a negative effect of government ownership on returns at the announcement date and a symmetric positive...

We document the market response to an unexpected announcement of proposed sales of government-owned shares in China. In contrast to the quot;privatization premiumquot; found in earlier work, we find a negative effect of government ownership on returns at the announcement date and a symmetric...