Share pledging and optimism in analyst earnings forecasts: Evidence from China

J Hu, W Long, L Luo, Y Peng - Journal of Banking & Finance, 2021 - Elsevier
This study examines the relation between share pledging by controlling shareholders and
optimism in analyst earnings forecasts. Using a sample of listed Chinese firms from 2007 to …

Political uncertainty and stock price crash risk: Insights from state-elections in an emerging market

K Wadhwa, JW Goodell - International Review of Financial Analysis, 2024 - Elsevier
Exploiting staggered state elections across Indian states as exogenous political events
which amplify political uncertainty, we evidence that political uncertainty increases stock …

Price informativeness and state-owned enterprises: Considering their heterogeneity

JW Goodell, M Li, D Liu - International Review of Financial Analysis, 2021 - Elsevier
State owned enterprises (SOEs) play a pivotal role in the world economy. However, how
state ownership affects price informativeness is less-explored, much less the impacts of …

[HTML][HTML] Political elections and corporate investment: International evidence

MD Amore, M Corina - Journal of International Business Studies, 2021 - Springer
Recent literature shows that the spike in uncertainty during political elections harms firms'
investment. Bridging insights from international business and political science, we argue that …

Political investment cycles of state-owned enterprises

Q Li, C Lin, L Xu - The Review of Financial Studies, 2020 - academic.oup.com
Using a large panel of more than 140,000 state-owned enterprises (SOEs), this study
examines SOEs' investment behavior surrounding 82 national elections in 25 European …

Multiple performance criteria for government-controlled firms

KT Wang, G Shailer - International Review of Economics & Finance, 2022 - Elsevier
This study examines the extent to which government versus private controlling shareholders
explain differences in multiple performance criteria. Drawing on the economic, political and …

Political connections and bank behaviour

S Ghosh - Economic Notes, 2023 - Wiley Online Library
Using disaggregated data on Indian state‐owned banks, we study how political connections
influence their lending behaviour. The findings indicate an overall credit expansion of 10 …

[PDF][PDF] Innovation at state-owned enterprises

B Bortolotti, V Fotak, B Wolfe - 2018 - iris.unito.it
We investigate the impact of state ownership on the innovativeness of firms, as measured by
the number, quality, and value of the patents produced. In a sample of listed European firms …

[PDF][PDF] Business group spillovers

SL Naaraayanan, D Wolfenzon - The Review of Financial …, 2024 - academic.oup.com
We compare the investment of standalone firms across regions after a positive shock to the
investment opportunities generated by a large-scale highway development project. We …

[HTML][HTML] Does Industrial Policy Reduce Corporate Investment Efficiency? Evidence from China

T Wang, R Wang, H Zhang - Sustainability, 2022 - mdpi.com
We investigate the impact and mechanism of industrial policy on corporate investment and
investment efficiency. Using the micro-level data of A-share listed firms on China's stock …