Artikel
Market reactions to financial distress announcements: Do political connections matter?
We examined market reactions to the financial distress announcements of listed firms in Malaysia. We investigated whether the market differentiates between the politically connected and non-politically connected vis-a-vis the outcomes at the time of the announcements. There is evidence of differing reactions to announcements by politically connected and non-connected firms. Investors react more negatively to the non-politically connected firms as compared to the politically connected ones. In addition, in the event of emergence from financial distress, the losses of politically connected firms were lower than for the non-politically connected firms.
- Sprache
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Englisch
- Erschienen in
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Journal: Cogent Economics & Finance ; ISSN: 2332-2039 ; Volume: 6 ; Year: 2018 ; Issue: 1 ; Pages: 1-8 ; Abingdon: Taylor & Francis
- Klassifikation
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Wirtschaft
- Thema
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financial distress
event study
political connections
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ahmad, Abd Halim
Abdullah, Nur Adiana Hiau
Mohd, Kamarun Nisham Taufil
- Ereignis
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Veröffentlichung
- (wer)
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Taylor & Francis
- (wo)
-
Abingdon
- (wann)
-
2018
- DOI
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doi:10.1080/23322039.2018.1483304
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Ahmad, Abd Halim
- Abdullah, Nur Adiana Hiau
- Mohd, Kamarun Nisham Taufil
- Taylor & Francis
Entstanden
- 2018
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