Abstract
The level of risk-taking can affect the investment choices and market value of enterprises. The opening of the capital market can improve the company's information environment, optimize the company's governance structure, and then play an important role in the level of risk-taking of enterprises. Therefore, from the perspective of financing constraints, in the context of "Shanghai-Hong Kong Stock Connect", this paper explores the impact of capital market opening on corporate risk-taking. Theoretical research has found that "Shanghai-Hong Kong Stock Connect" can help alleviate financing constraints and improve the risk-taking level of enterprises. Therefore, the implementation of a higher level of opening up of the capital market in the future will help listed companies take appropriate risks and promote the improvement of corporate value.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
