HIGHLIGHTS
- who: TYPE et al. from the University of Naples Federico II, Italy have published the research work: Political turnover and corporate financialization: Evidence from China, in the Journal: (JOURNAL)
- what: The authors accumulate the information of 995 mayors and 912 party secretaries from 2007 to 2020 period and combine it with firm data to examine how NFCs financialization is affected by political turnover. In additional tests, the authors examine whether firms that are non-state-owned and small-sized exhibit lower corporate financialization during political turnover and whether fixed asset investment and internal cash holdings . . .
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