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dc.contributor.authorHoang, K.
dc.contributor.authorNguyen, Cuong
dc.contributor.authorZhang, H.
dc.date.accessioned2021-03-03T20:50:44Z
dc.date.available2020-12-07en
dc.date.issued2021-03-01
dc.date.submitted2020-11-24en
dc.identifier.issn1059-0560en
dc.identifier.urihttps://hdl.handle.net/10182/13516
dc.description.abstractEconomic policy uncertainty (EPU) is positively associated with corporate diversification in China between 2001 and 2007. EPU's positive impact on diversification is significant only for large and medium cap firms. High EPU is associated with higher diversification; the effect of EPU on diversification by state-owned enterprises (SOEs) is greater than for non-SOEs. Diversification of firms with a high number of equity analysts and equity reports increases during high EPU. Diversification actively mitigates economic policy-related risks, enhancing firm performance. Our results are robust to different measures of EPU and corporate diversification and remain significantly unchanged when dealing with endogeneity.en
dc.format.extent254-269en
dc.language.isoen
dc.publisherElsevier
dc.relationThe original publication is available from - Elsevier - https://doi.org/10.1016/j.iref.2020.11.008en
dc.relation.urihttps://doi.org/10.1016/j.iref.2020.11.008en
dc.rights© 2020 Elsevier Inc. All rights reserved.
dc.subjecteconomic policy uncertaintyen
dc.subjectdiversificationen
dc.subjectinformation asymmetryen
dc.subjectagency problemen
dc.subjectrisken
dc.subjectChinaen
dc.subjectEconomicsen
dc.titleHow does economic policy uncertainty affect corporate diversification?en
dc.typeJournal Article
lu.contributor.unitLincoln University
lu.contributor.unitFaculty of Agribusiness and Commerce
lu.contributor.unitDepartment of Financial and Business Systems
dc.identifier.doi10.1016/j.iref.2020.11.008en
dc.relation.isPartOfInternational Review of Economics and Financeen
pubs.organisational-group/LU
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce/FABS
pubs.organisational-group/LU/Research Management Office
pubs.organisational-group/LU/Research Management Office/QE18
pubs.publication-statusPublisheden
pubs.volume72en
lu.identifier.orcid0000-0002-7563-2374


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