Abstract
This study empirically investigates how political connections affect the information content of stock prices. We find that political connections increase stock price synchronicity; political connections in the category of government officials significantly increase stock price synchronicity; political connections in the category of industrial and commercial associations significantly decrease stock price synchronicity; the relationship between political connections in the category of NPC deputies and CPPCC members and stock price synchronicity is not significant; political connections in the category of NPC deputies and CPPCC members significantly increase stock price synchronicity in the case of direct listing.
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.
