Do politically connected independent directors matter? Evidence from mandatory resignation events in China
Sign Up to like & getrecommendations! Published in 2019 at "China Economic Review"
DOI: 10.1016/j.chieco.2018.05.011
Abstract: Abstract This paper investigates the contributions of politically connected independent directors to shareholder value by examining stock price reactions to their mandatory resignations. Employing an event study, we find that, if a private firm loses… read more here.
Keywords: stock price; mandatory resignation; politically connected; connected independent ... See more keywords
Do competitors benefit from the resignation of politically connected independent directors? Evidence from China
Sign Up to like & getrecommendations! Published in 2021 at "Applied Economics"
DOI: 10.1080/00036846.2021.1956678
Abstract: Using a sample of Chinese listed firms in the Shanghai and Shenzhen Stock Exchange during the period of 2012–2017, this paper studies the impact of losing political resources on the competitors’ va... read more here.
Keywords: politically connected; benefit resignation; competitors benefit; resignation politically ... See more keywords