| dc.contributor | 財政系; 會計系 | - |
| dc.creator (作者) | 羅光達; 徐愛恩 | - |
| dc.creator (作者) | LO, KUANG-TA | - |
| dc.creator (作者) | TANG, XIAOJIAN | - |
| dc.creator (作者) | TSUI, STEPHANIE | - |
| dc.date (日期) | 2020-11 | - |
| dc.date.accessioned | 24-May-2021 15:25:18 (UTC+8) | - |
| dc.date.available | 24-May-2021 15:25:18 (UTC+8) | - |
| dc.date.issued (上傳時間) | 24-May-2021 15:25:18 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/135092 | - |
| dc.description.abstract (摘要) | Based on province-level data on China’s local institutional environment from 2008 to 2014, we explore the relationship between the local institutional environment and stock price crash risk. We find that a stronger local institutional environment curbs stock price crash risk. Furthermore, we explore the relationship between local institutional environment and stock price crash risk for state-owned versus privately owned enterprises. We find that a stronger local institutional environment is more likely to curb stock price crash risk in state-owned enterprises than in privately owned enterprises. Our results are robust to additional tests. These findings suggest that it is necessary to accelerate the progress of local marketization in China to ensure the development of the stock market and a strong economy. | - |
| dc.format.extent | 153556 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | The Singapore Economic Review | - |
| dc.subject (關鍵詞) | Local institutional environment ; stock price crash risk ; state-owned enterprises ; privately owned enterprises | - |
| dc.title (題名) | Local Institutional Environment and Stock Price Crash Risk: Evidence from China | - |
| dc.type (資料類型) | article | - |
| dc.identifier.doi (DOI) | 10.1142/S0217590821400014 | - |
| dc.doi.uri (DOI) | https://doi.org/10.1142/S0217590821400014 | - |
