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Product line transformation, foreign sales, and firm value: Evidence from COVID-19 pandemic governance in urban China
Using a sample of Chinese firms, we examine stock market reaction to firms that announce a change in their product lines to those related to COVID-19 management (medical masks and ventilators, among others). We find the market reacts positively to the announcements. In addition, when a firm ordinari...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Elsevier B.V.
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9755997/ https://www.ncbi.nlm.nih.gov/pubmed/36540340 http://dx.doi.org/10.1016/j.ribaf.2021.101487 |