Abstract
The stock market is an important part of the national economy, and its stable operation is indispensable for the prevention and control of financial market risks. How to effectively regulate the share reduction of senior executives is a major issue facing the high-quality development of my country's capital market. This paper selects China's A-share non-financial listed companies from 2007 to 2022 as the research sample. The mechanism analysis shows that the opportunistic reduction of executives can positively affect the risk of corporate stock price volatility through financing constraints. This paper also looks at how economic policy uncertainty affects the link between opportunistic firing of executives and the risk of corporate stock price volatility. This not only adds to the current research, but it also makes some good suggestions for how to stop opportunistic firing of executives and stop the risk of corporate stock price volatility.
Published Version
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