Celebrity shareholders and corporate risk: Based on empirical evidence gathered from Chinese companies listed on the New Third Board

Celebrity shareholders and corporate risk: Based on empirical evidence gathered from Chinese companies listed on the New Third Board

ABSTRACTUsing the 2014 to 2019 Forbes China Celebrity Lists, this study empirically examined the relationship between celebrity shareholders and corporate risk. The findings suggest that celebrity shareholders increased corporate risk. And the main reason is that the capital structure of the enterpr...

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Bibliographic Details
Main Authors: Jingwan Liu, Wei Tang, Xingzhu Zhao
Format: Article
Language:English
Published: Taylor & Francis Group 2023-12-01
Series:Journal of Applied Economics
Subjects:
Celebrity shareholders
corporate risk
corporate governance
New Third Board
Online Access:https://www.tandfonline.com/doi/10.1080/15140326.2023.2183629

Internet

https://www.tandfonline.com/doi/10.1080/15140326.2023.2183629

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