Market abuse under different close price determination mechanisms: A European case

Alexakis, Christos; Pappas, Vasileios; Skarmeas, Emmanouil

doi:10.1016/j.irfa.2021.101707

Cited by 2 publications

(2 citation statements)

References 46 publications

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“…The closing price is the most direct indicator reflecting the performance of a listed company in the stock market [18] . In this paper, we selected the closing price as one of the indicators to measure the performance of the corporate stock market [19] .…”

Section: Dependent Variablementioning

confidence: 99%

The Impact of Corporate Giving on Corporate Financial Performance and Stock Market

2024

acccm

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Corporate donations represent an important form of fulfilling corporate social responsibility. Presently, the academic community has not reached a consistent conclusion regarding the relationship between corporate donations and corporate financial performance or the stock market. This paper examines the financial indicators and corporate donation data of A-share listed companies on the Shanghai and Shenzhen stock exchanges in China from 2008 to 2020. Employing propensity score matching and ordinary least squares regression methods, it aims to analyze the impact of corporate donations on corporate financial indicators and the stock market. The study reveals two main findings: First, during the pandemic, corporate donations have a significantly positive effect on corporate financial performance and the stock market. Second, corporate donations do not have a significantly positive effect on corporate financial performance and the stock market. This paper further investigates the conclusions: First, during the COVID-19 pandemic, the Chinese government intensified its policies on corporate donations. Second, corporate donations incur excessive costs. Third, the return cycle of corporate donations is too long. Fourth, there is a phenomenon of blind donations by companies. Based on these findings, this paper proposes recommendations for companies: First, enterprises should allocate internal resources reasonably. Second, enterprises should establish a good corporate reputation and image. Third, enterprises should establish a comprehensive cost management system. This paper provides insights into decision-making regarding corporate social donations.

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Section: Dependent Variablementioning

confidence: 99%

The Impact of Corporate Giving on Corporate Financial Performance and Stock Market

2024

acccm

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“…At the same time, we also collected a lot of relevant information from the consulting network of Chinese listed companies. [5][6][7][8] Advances in Social Science, Education and Humanities Research, volume 554…”

Section: Datamentioning

confidence: 99%

Analysis of the Relationship Between New Stock Issue and Price Determination and Information Efficiency

Wang¹,

Sun²

2021

Advances in Social Science, Education and Humanities Research

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Based on the understanding of new shares , the price is determined and the relationship between the efficiency, according to the presented between the multi-level and multi-dimensional characteristics, build a has the internal logic relations, can be intuitive show the theoretical framework of influence factors, and using covariance structure model analysis method of experiment and analysis, It is clear that the information efficiency of IPO pricing in China is limited.

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Market abuse under different close price determination mechanisms: A European case

Cited by 2 publications

References 46 publications

The Impact of Corporate Giving on Corporate Financial Performance and Stock Market

The Impact of Corporate Giving on Corporate Financial Performance and Stock Market

Analysis of the Relationship Between New Stock Issue and Price Determination and Information Efficiency

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