Publication:
The Impact Of Political Uncertainty On The Risk-Taking Behavior Of Listed Companies In China：The Moderating Role Of State Ownership

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Date
2025-08
Authors
Jiang, Zhengyou
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Research Projects
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Abstract
This study investigates the impact of political uncertainty on the risk-taking of listed companies in China. Political uncertainty refers to the local official changes in the municipal-level city government, and political uncertainty is divided into three different types, i.e., (i) turnover of mayor; (ii) turnover of the secretary of Communist Party of China (CPC) municipal committee; (iii) turnovers of either mayor or CPC secretary, to see whether the impact of political uncertainty on corporate risk-taking is related to the type of official. Additionally, this study also investigates the moderating effect of state ownership ties. The sample frame for this study is from 2012-2024 covering 1470 non-financial listed companies in China.
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Keywords
The Impact Of Political Uncertainty On The Risk-Taking Behavior Of Listed Companies In China , The Moderating Role Of State Ownership
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https://erepo.usm.my/handle/123456789/25016
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Pusat Pengajian Pengurusan - Tesis