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Related Party Cooperation and Stock Prices Reactions: An Empirical Investigation on the A-Share Listed Companies in China

Zhihong Song et al.

Journal of Investment Management2016https://doi.org/10.11648/j.jim.20160506.18article
ABDC C
Weight
0.26

What the paper says

Taking the 146 related-party technological cooperation announcements by Chinese listed companies from January 2008 to July 2013 as the sample, the article investigates the impact of the focal firms’ intellectual capital and cooperation frequency between related parties on the focal firms’ stock prices reactions. The empirical results indicate that focal firms involved in related-party technological cooperation receive strongly positive abnormal returns over the event window of (-1). We show that the cooperation announcements may bring positive stock prices reactions if the focal firms show a higher level of intellectual capital. In addition, our findings suggest that more cooperative activities between related parties may bring positive effects on the stock prices reactions for the focal firms.

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Cite this paper

https://doi.org/https://doi.org/10.11648/j.jim.20160506.18

Or copy a formatted citation

@article{zhihong2016,
  title        = {{Related Party Cooperation and Stock Prices Reactions: An Empirical Investigation on the A-Share Listed Companies in China}},
  author       = {Zhihong Song et al.},
  journal      = {Journal of Investment Management},
  year         = {2016},
  doi          = {https://doi.org/https://doi.org/10.11648/j.jim.20160506.18},
}

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Related Party Cooperation and Stock Prices Reactions: An Empirical Investigation on the A-Share Listed Companies in China

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Evidence weight

0.26

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.