Article ID Journal Published Year Pages File Type
5060925 Economics Letters 2011 4 Pages PDF
Abstract
► This paper examines stock market responses to the arrest of a local leader in China. ► The valuation effects of personal and organizational ties were negative and insignificant respectively. ► Companies with both personal and organizational ties had the most adverse market reaction.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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The value of local political capital in transition China
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