Publication
The effect of the evergrande bankruptcy on Chinese real estate listed firms
| dc.contributor.author | Martins, António Miguel Valente | |
| dc.contributor.author | Moutinho, Nuno | |
| dc.date.accessioned | 2024-10-14T08:34:28Z | |
| dc.date.available | 2024-10-14T08:34:28Z | |
| dc.date.issued | 2024 | |
| dc.description.abstract | The objective of the study is to examine the intra-industry effects of Evergrande’s bankruptcy on the Chinese real estate listed firms. Based on an event study, we evidence a negative and statistically significant stock price reaction to Evergrande’s bankruptcy announcement. These results are consistent with the contagion effect. We also find the highest negative impact on real estate firms with greater leverage and a higher similarity in cash flows with the bankrupt firm. Finally, the magnitude of the stock market reaction to Evergrande’s bankruptcy is reinforced or mitigated by firm-specific determinants such as size and liquidity. | pt_PT |
| dc.description.sponsorship | This work was supported by national funds through FCT/MCTES (PIDDAC): UNIAG, UIDB/04752/2020 (DOI 10.54499/UIDB/04752/ 2020) (Nuno Moutinho) and UIDB/00685/2020 (António Martins). | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.citation | Martins, António Miguel; Moutinho, Nuno (2024). The effect of the evergrande bankruptcy on Chinese real estate listed firms. The Quarterly Review of Economics and Finance. ISSN 1062-9769. 98, p. 1-8 | pt_PT |
| dc.identifier.doi | 10.1016/j.qref.2024.101918 | pt_PT |
| dc.identifier.issn | 1062-9769 | |
| dc.identifier.uri | http://hdl.handle.net/10198/30411 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | yes | pt_PT |
| dc.publisher | Elsevier | pt_PT |
| dc.relation | Applied Management Research Unit | |
| dc.relation | Center of Applied Economic Studies of the Atlantic | |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | pt_PT |
| dc.subject | Bankruptcy Announcement | pt_PT |
| dc.subject | Industry Rivals | pt_PT |
| dc.subject | Contagion | pt_PT |
| dc.subject | Stock Returns | pt_PT |
| dc.subject | Event Study | pt_PT |
| dc.title | The effect of the evergrande bankruptcy on Chinese real estate listed firms | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.awardTitle | Applied Management Research Unit | |
| oaire.awardTitle | Center of Applied Economic Studies of the Atlantic | |
| oaire.awardURI | info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F04752%2F2020/PT | |
| oaire.awardURI | info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F00685%2F2020/PT | |
| oaire.citation.endPage | 8 | pt_PT |
| oaire.citation.startPage | 1 | pt_PT |
| oaire.citation.title | The Quarterly Review of Economics and Finance | pt_PT |
| oaire.citation.volume | 98 | pt_PT |
| oaire.fundingStream | 6817 - DCRRNI ID | |
| oaire.fundingStream | 6817 - DCRRNI ID | |
| person.familyName | Moutinho | |
| person.givenName | Nuno | |
| person.identifier.ciencia-id | CA1B-4924-2BBA | |
| person.identifier.orcid | 0000-0002-9242-8324 | |
| person.identifier.scopus-author-id | 57742333300 | |
| project.funder.identifier | http://doi.org/10.13039/501100001871 | |
| project.funder.identifier | http://doi.org/10.13039/501100001871 | |
| project.funder.name | Fundação para a Ciência e a Tecnologia | |
| project.funder.name | Fundação para a Ciência e a Tecnologia | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | article | pt_PT |
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