FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W4309293897> ?p ?o ?g. }

• W4309293897 endingPage "101893" @default.
• W4309293897 startingPage "101893" @default.
• W4309293897 abstract "This study investigates the motivations of listed companies to make public commitments and examines if they do fulfill them. A suitable research scenario exists for this in China. During the stock market crash of 2015 in China, the China Securities Regulatory Commission (CSRC) encouraged major shareholders and executives of listed companies to increase their shareholdings to stabilize stock prices. Since then, many listed companies have officially released stake-raising commitments. This study examines the motivations behind these promises and whether they are fulfilled. I examine the stake-raising plans issued by China's A-share listed companies from July 2015 to June 2019, and find that the main motivations for these commitments are self-interest and external pressure (including political and peer pressure), rather than the signaling of undervaluation. Subsequently, the motivations of value signaling and peer effect significantly increase the possibility of commitments being fulfilled, whereas self-interest decreases this possibility. Further research shows that the strength of commitment plays a mediating role between motivation and fulfillment. Moreover, a stronger commitment boosts the stock price more in the short term. If the commitment is fulfilled on time, the short- and long-term market performance of the company's stock improves, and the stock price crash risk decreases. • The main motivations for the stake-raising commitments of Chinese companies are self-interest and external pressure (including political and peer pressure). • The motivations of value signaling and peer effect increase the possibility of the commitments being fulfilled, whereas self-interest decreases this possibility. • The motivations affect the possibility of on-time fulfillment by influencing the promised lower limit of the stake-raising plans. • If the commitment is fulfilled on time, a positive effect is observed on the company's stock price in the short and long term." @default.
• W4309293897 created "2022-11-25" @default.
• W4309293897 creator A5038988509 @default.
• W4309293897 date "2023-02-01" @default.
• W4309293897 modified "2023-09-30" @default.
• W4309293897 title "Do listed companies fulfill their public commitments? Evidence from the stake-raising commitments of Chinese companies" @default.
• W4309293897 cites W1979436160 @default.
• W4309293897 cites W2056425707 @default.
• W4309293897 cites W2058740981 @default.
• W4309293897 cites W2067154393 @default.
• W4309293897 cites W2109609060 @default.
• W4309293897 cites W2115747715 @default.
• W4309293897 cites W2163141303 @default.
• W4309293897 cites W2206844858 @default.
• W4309293897 cites W2605361664 @default.
• W4309293897 cites W2620932907 @default.
• W4309293897 cites W2772281997 @default.
• W4309293897 cites W2884637043 @default.
• W4309293897 cites W2903797332 @default.
• W4309293897 cites W2925349108 @default.
• W4309293897 cites W2945716896 @default.
• W4309293897 cites W2947132566 @default.
• W4309293897 cites W2966917145 @default.
• W4309293897 cites W2969698193 @default.
• W4309293897 cites W3022955972 @default.
• W4309293897 cites W3048669203 @default.
• W4309293897 cites W3086926336 @default.
• W4309293897 cites W3117487555 @default.
• W4309293897 cites W3121303620 @default.
• W4309293897 cites W3121477109 @default.
• W4309293897 cites W3121585434 @default.
• W4309293897 cites W3121917252 @default.
• W4309293897 cites W3122219193 @default.
• W4309293897 cites W3122321277 @default.
• W4309293897 cites W3122458219 @default.
• W4309293897 cites W3122526219 @default.
• W4309293897 cites W3122715146 @default.
• W4309293897 cites W3122993843 @default.
• W4309293897 cites W3123093922 @default.
• W4309293897 cites W3123186395 @default.
• W4309293897 cites W3123523261 @default.
• W4309293897 cites W3124262658 @default.
• W4309293897 cites W3124450204 @default.
• W4309293897 cites W3124539152 @default.
• W4309293897 cites W3124587908 @default.
• W4309293897 cites W3124893575 @default.
• W4309293897 cites W3125383637 @default.
• W4309293897 cites W3126081465 @default.
• W4309293897 cites W3126094157 @default.
• W4309293897 cites W3130156085 @default.
• W4309293897 cites W3135905086 @default.
• W4309293897 cites W3170660409 @default.
• W4309293897 cites W3174430268 @default.
• W4309293897 cites W3203480147 @default.
• W4309293897 cites W4255034116 @default.
• W4309293897 doi "https://doi.org/10.1016/j.pacfin.2022.101893" @default.
• W4309293897 hasPublicationYear "2023" @default.
• W4309293897 type Work @default.
• W4309293897 citedByCount "0" @default.
• W4309293897 crossrefType "journal-article" @default.
• W4309293897 hasAuthorship W4309293897A5038988509 @default.
• W4309293897 hasConcept C10138342 @default.
• W4309293897 hasConcept C121955636 @default.
• W4309293897 hasConcept C144133560 @default.
• W4309293897 hasConcept C2524010 @default.
• W4309293897 hasConcept C2780589192 @default.
• W4309293897 hasConcept C33923547 @default.
• W4309293897 hasConceptScore W4309293897C10138342 @default.
• W4309293897 hasConceptScore W4309293897C121955636 @default.
• W4309293897 hasConceptScore W4309293897C144133560 @default.
• W4309293897 hasConceptScore W4309293897C2524010 @default.
• W4309293897 hasConceptScore W4309293897C2780589192 @default.
• W4309293897 hasConceptScore W4309293897C33923547 @default.
• W4309293897 hasFunder F4320338464 @default.
• W4309293897 hasLocation W43092938971 @default.
• W4309293897 hasOpenAccess W4309293897 @default.
• W4309293897 hasPrimaryLocation W43092938971 @default.
• W4309293897 hasRelatedWork W1480452202 @default.
• W4309293897 hasRelatedWork W1539921135 @default.
• W4309293897 hasRelatedWork W164362287 @default.
• W4309293897 hasRelatedWork W2159232701 @default.
• W4309293897 hasRelatedWork W2348075735 @default.
• W4309293897 hasRelatedWork W2397704374 @default.
• W4309293897 hasRelatedWork W3033205368 @default.
• W4309293897 hasRelatedWork W3122722293 @default.
• W4309293897 hasRelatedWork W3135270396 @default.
• W4309293897 hasRelatedWork W3185280790 @default.
• W4309293897 hasVolume "77" @default.
• W4309293897 isParatext "false" @default.
• W4309293897 isRetracted "false" @default.
• W4309293897 workType "article" @default.