Does controlling media exposure influence regulatory decisions? [UniSA 2018]

Yanling Wu    Yanling Wu, Gary Gang Tian
21 Nov 2018
Categories: Accounting, Corporate Finance

Country or region: China

Based on the evidence from the initial public offerings approval decisions in China, the authors argue that in an emerging market such as China with an imperfect legal system and an immature media market, IPO firms bribe media to hide bad news, and the captured media impairs the efficiency of ......

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