Data
To evaluate our hypotheses, we constructed a firm-level panel dataset utilizing data from several key sources. The primary source of firm-level data was the China Stock Market and Accounting Research (CSMAR) database, which is widely…
To evaluate our hypotheses, we constructed a firm-level panel dataset utilizing data from several key sources. The primary source of firm-level data was the China Stock Market and Accounting Research (CSMAR) database, which is widely…