Communist party control and stock price crash risk: Evidence from China

Xiaorong Li and Kam C. Chan

Economics Letters, 2016, vol. 141, issue C, 5-7

Abstract: We examine Communist Party of China (CPC) control on a firm’s crash risk. Our findings suggest that having a CPC committee member serves as a director can lower a firm’s crash risk. Other forms of control do not lower such a risk.

Keywords: Communist party control; Crash risk; Information; External monitoring (search for similar items in EconPapers)
JEL-codes: G3 P2 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (32)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:141:y:2016:i:c:p:5-7

DOI: 10.1016/j.econlet.2016.01.018

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