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The stock return effect of political risk event on foreign joint ventures: evidence from the Tiananmen Square Incident

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  • Ma, Yulong
  • Sun, Huey-Lian
  • Tang, Alex P.

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  • Ma, Yulong & Sun, Huey-Lian & Tang, Alex P., 2003. "The stock return effect of political risk event on foreign joint ventures: evidence from the Tiananmen Square Incident," Global Finance Journal, Elsevier, vol. 14(1), pages 49-64, May.
    • Handle: RePEc:eee:glofin:v:14:y:2003:i:1:p:49-64
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    References listed on IDEAS

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    1. Douglas Nigh, 1985. "The Effect of Political Events on United States Direct Foreign Investment: A Pooled Time-Series Cross-Sectional Analysis," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 16(1), pages 1-17, March.
    2. Mikkelson, Wayne H. & Partch, M. Megan, 1986. "Valuation effects of security offerings and the issuance process," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 31-60.
    3. Haiyang Chen & Michael Y. Hu & Joseph C. P. Shieh, 1991. "The Wealth Effect of International Joint Ventures: The Case of U.S. Investment in China," Financial Management, Financial Management Association, vol. 20(4), Winter.
    4. Yaron Brook & Robert Hendershott & Darrell Lee, 1998. "The Gains from Takeover Deregulation: Evidence from the End of Interstate Banking Restrictions," Journal of Finance, American Finance Association, vol. 53(6), pages 2185-2204, December.
    5. Gupta, Atul, et al, 1991. "Gains from Corporate Multinationalism: Evidence from the China Experience," The Financial Review, Eastern Finance Association, vol. 26(3), pages 387-407, August.
    6. Gupta, Apoorva & Patnaik, Ila & Shah, Ajay, 2013. "Learning by Exporting: Evidence from India," Working Papers on Regional Economic Integration 119, Asian Development Bank.
    7. Gibbons, Michael R & Hess, Patrick, 1981. "Day of the Week Effects and Asset Returns," The Journal of Business, University of Chicago Press, vol. 54(4), pages 579-596, October.
    8. Michael A. Fröhls & Art Keown & Mark McNabb & John Martin, 1998. "Growth opportunities, corporate governance and the market value of multinational joint ventures," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 19(1), pages 13-30.
    9. Yigang Pan, 1996. "Influences on Foreign Equity Ownership Level in Joint Ventures in China," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 27(1), pages 1-26, March.
    10. Atul Gupta & Lalatendu Misra, 2000. "The Value Of Experiential Learning By Organizations: Evidence From International Joint Ventures," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 23(1), pages 77-102, March.
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    Cited by:

    1. Lawrence W C Lai & Kwong Wing Chau & Daniel C W Ho & Veronica Y Y Lin, 2006. "Impact of Political Incidents, Financial Crises, and Severe Acute Respiratory Syndrome on Hong Kong Property Buyers," Environment and Planning B, , vol. 33(3), pages 413-433, June.
    2. Hanvanich, Sangphet & Richards, Malika & Miller, Stewart R. & Cavusgil, S. Tamer, 2005. "Technology and the effects of cultural differences and task relatedness: A study of shareholder value creation in domestic and international joint ventures," International Business Review, Elsevier, vol. 14(4), pages 397-414, August.
    3. Richard C. K. Burdekin & Xinzhu Li, 2015. "Tiananmen Square 1989: the view from financial markets," Applied Economics Letters, Taylor & Francis Journals, vol. 22(2), pages 141-147, January.
    4. Pollitte, Wesley A. & Miller, Joseph C. & Yaprak, Attila, 2015. "Returns to US firms from strategic alliances in China: A knowledge-based view," Journal of World Business, Elsevier, vol. 50(1), pages 144-148.
    5. Stephens, John & Mehdian, Seyed & Gherghina, Ștefan Cristian & Stoica, Ovidiu, 2023. "The reaction of the financial market to the January 6 United States Capitol attack: An intraday study," Finance Research Letters, Elsevier, vol. 56(C).
    6. Mishra, Dev R. & O'Brien, Thomas J., 2005. "Risk and ex ante cost of equity estimates of emerging market firms," Emerging Markets Review, Elsevier, vol. 6(2), pages 107-120, June.

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