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The impact of idiosyncratic risk on corporate financialisation——Evidence from China
16 references·6 citing·35 second hopsampled
The impact of idiosyncratic risk on corporate financialisation——Evidence from China (2023)The impact of idiosyncratic risk on corpo…Policy Uncertainty and Corporate Investment (2015)Policy Uncertainty and Corpor…A five-factor asset pricing model (2014)A five-factor asset pricing m…Political uncertainty and risk premia (2013)Political uncertainty and ris…Uncertainty about Government Policy and Stock Prices (2012)Uncertainty about Government …New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)New Evidence on Measuring Fin…Idiosyncratic risk and the cross-section of expected stock returns (2008)Idiosyncratic risk and the cr…The Cross‐Section of Volatility and Expected Returns (2006)The Cross‐Section of Volatili…Financial Constraints Risk (2006)Financial Constraints RiskInstitutional Investors and Executive Compensation (2003)Institutional Investors and E…Idiosyncratic Risk Matters! (2003)Idiosyncratic Risk Matters!Do Institutional Investors Prefer Near‐Term Earnings over Long‐Run Value?* (2001)Do Institutional Investors Pr…Maximizing shareholder value: a new ideology for corporate governance (2000)Maximizing shareholder value:…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Risk Management: Coordinating Corporate Investment and Financing Policies (1993)Risk Management: Coordinating…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…Enterprise green innovation: The role of data factor inputs (2025)Enterprise green innovation: …Corporate financialization, digital transformation, and industrial supply chain resilience: Mechanisms based on R&D investment and financial regulation (2025)Corporate financialization, d…The influence of financial asset allocation on the innovation and investment of high-tech enterprises (2024)The influence of financial as…News sentiment and investment efficiency: Evidence from China (2023)News sentiment and investment…Managerial ownership and corporate financialization (2023)Managerial ownership and corp…Does mandating narrative disclosure of innovation help unveil the curtain of R&D expenditure? Evidence from regulation change in China (2023)Does mandating narrative disc…Financing Constraints and Corporate Investment (1988)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)The determinants and implications of corporate cash holdings (1999)Corporate social responsibility and access to finance (2013)The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2016)Demand for green finance: Resolving financing constraints on green innovation in China (2021)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)Editor's Choice Digesting Anomalies: An Investment ApproachThe Pricing of Options and Corporate Liabilities (1973)Liquidity and leverage (2008)… and the Cross-Section of Expected Returns (2015)The Nature of the Firm (1937)Separation of Ownership and Control (1983)Law and Finance (1998)Credit Rationing in Markets with Imperfect Information (1981)Initial conditions and moment restrictions in dynamic panel data models (1995)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)The Price of Political Uncertainty: Theory and Evidence from the Option Market (2016)What Affects Innovation More: Policy or Policy Uncertainty? (2017)Economic policy uncertainty: A literature review (2019)Protection For Sale (1992)Distributive Politics and Economic Growth (1994)The Asset-Pricing Implications of Government Economic Policy Uncertainty (2015)Carbon Tail Risk (2018)Determinants of corporate borrowing (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)The theory and practice of corporate finance: evidence from the field (2001)The Cash Flow Sensitivity of Cash (2004)Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)Multifactor Explanations of Asset Pricing Anomalies (1996)Do Shareholders Benefit from Green Bonds? (2018)Empirical Asset Pricing via Machine Learning (2020)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 2014A five-factor asset pricing model7,841 cited
  • 2010New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index5,574 cited
  • 2006The Cross‐Section of Volatility and Expected Returns4,576 cited
  • 2006Financial Constraints Risk3,702 cited
  • 1993Risk Management: Coordinating Corporate Investment and Financing Policies2,897 cited
  • 2015Policy Uncertainty and Corporate Investment2,524 cited
  • 2013Political uncertainty and risk premia2,375 cited
  • 2012Uncertainty about Government Policy and Stock Prices2,327 cited
  • 2003Institutional Investors and Executive Compensation2,012 cited
  • 2000Maximizing shareholder value: a new ideology for corporate governance1,970 cited
  • 2001Do Institutional Investors Prefer Near‐Term Earnings over Long‐Run Value?*1,280 cited
  • 2003Idiosyncratic Risk Matters!1,171 cited
  • 2008

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Idiosyncratic risk and the cross-section of expected stock returns
1,067 cited

Cited by

  • 2025Corporate financialization, digital transformation, and industrial supply chain resilience: Mechanisms based on R&D investment and financial regulation67 cited
  • 2023Managerial ownership and corporate financialization30 cited
  • 2023News sentiment and investment efficiency: Evidence from China20 cited
  • 2023Does mandating narrative disclosure of innovation help unveil the curtain of R&D expenditure? Evidence from regulation change in China18 cited
  • 2024The influence of financial asset allocation on the innovation and investment of high-tech enterprises16 cited
  • 2025Enterprise green innovation: The role of data factor inputs8 cited