Focal Interest
Focal Interest

Enterprise value

  1. Equity concentration lowered firm value in China’s high-tech manufacturing
    Study examines how equity concentration affects firm value in China's high-tech manufacturing sector during 2019-2023, accounting for COVID-19 pandemic impacts using instrumental variable.
  2. Natural disasters reduce firm value, especially for high-ESG firms
    Natural disasters reduce firm value particularly for high-ESG firms in China, with non-state enterprises and lower-resilience firms facing greater adverse impacts during crises.