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Global technology leadership: The case of China
In: Science and public policy: journal of the Science Policy Foundation, Band 43, Heft 1, S. 62-73
ISSN: 1471-5430
Global Technology Leadership: The Case of China
In: HKUST IEMS Working Paper No. 2015-11
SSRN
Working paper
Determinants of quadic patenting: Market access, imitative threat, competition and strength of intellectual property rights
In: Technological forecasting and social change: an international journal, Band 85, S. 4-16
ISSN: 0040-1625
State-led Technological Development: A Case of China's Nanotechnology Development
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 40, Heft 5, S. 970-982
Innovation strategy, firm survival and relocation: The case of Hong Kong-owned manufacturing in Guangdong Province, China
In: Research Policy, Band 41, Heft 1, S. 69-78
State-led technological development: a case of China's nanotechnology development
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 40, Heft 5, S. 970-982
ISSN: 0305-750X
World Affairs Online
Manufacturing dynamics and spillovers: The case of Guangdong Province and Hong Kong, Macau, and Taiwan (HKMT)
In: Research Policy, Band 38, Heft 5, S. 813-828
Policy forum The global challenges of the knowledge economy: China and the European Union
In: Science and public policy: journal of the Science Policy Foundation, Band 35, Heft 10, S. 771-781
ISSN: 1471-5430
Does the presence of executives with a legal background affect stock price crash risk?
In: Corporate governance: an international review, Band 31, Heft 1, S. 55-82
ISSN: 1467-8683
AbstractResearch Question/IssueExecutives with a legal background have superior knowledge of the law compared with executives who do not have such a background. This study investigates how executives who are well informed of the law can reduce stock price crash risk and how this is significant from a corporate governance perspective.Research Findings/InsightsWe collected and evaluated 23,031 firm‐year observations from 2008 to 2018, which resulted in the following findings: (1) Executives with a legal background can effectively reduce stock price crash risk. (2) When the company's external or internal supervision is weak, the effect of executives with a legal background in reducing stock price crash risk is particularly prominent. (3) The executives' ability to reduce stock price crash risk is particularly conspicuous when the company's intention to hide bad news is low or when there is a high risk of the bad news being leaked.Theoretical/Academic ImplicationsStock price crash risk is a critical problem to address in the Chinese capital market. The prevailing explanation for crash risk emphasizes executives' concealment of bad news as a primary factor. Since the suppression of bad news by company executives is the main reason for stock price crash risk, observing the influence of executives on this risk is a viable direct approach. Executives with a legal background, in particular, have a critical influence on companies. They possess a superior understanding of the law compared with those who do not have such a background and are more willing to respect and abide by the law. As a result, they have a lower tolerance for inappropriate acts by the executive team, namely, concealing bad news, which reduces the risk of stock price crash.Practitioner/Policy ImplicationsIn China, the world's largest transitional economy, investor protection and information environments are still developing. Countries with less developed regulations can adopt substitutive mechanisms, such as making the employment of executives with a legal background mandatory, to facilitate the healthy development of their capitalist markets. Given the capacity of these executives to reduce stock price crash risk, thereby supporting continuous and stable development of the capital market, regulatory authorities should encourage listed companies to hire executives with a legal background. Furthermore, they should also start in‐depth promotion of and education on the rule of law among employees to improve their legal competence.
Exclusive licensing of university technology: The effects of university prestige, technology transfer offices, and academy-industry collaboration
In: Research policy: policy, management and economic studies of science, technology and innovation, Band 51, Heft 1, S. 104372
ISSN: 1873-7625
The paradox of openness revisited: Collaborative innovation and patenting by UK innovators
In: Research Policy, Band 45, Heft 7, S. 1352-1361
Corporate Governance and Default Risk: Evidence from China
In: NAJEF-D-22-00299
SSRN
Determinants of exports in China: a microeconometric analysis
In: The European journal of development research: journal of the European Association of Development Research and Training Institutes (EADI), Band 20, Heft 2, S. 299-317
ISSN: 0957-8811
World Affairs Online