IDEAS home Printed from https://ideas.repec.org/a/taf/reroxx/v30y2017i1p1339-1366.html
   My bibliography  Save this article

Why did some firms perform better in the global financial crisis?

Author

Listed:
  • Chien-Chiang Lee
  • Mei-Ping Chen
  • Shao-Lin Ning

Abstract

We explore what firm and macroeconomic factors assisted Chinese firms to resist the global financial crisis. We find that firms with higher top ten shareholder ratios or firms that are older exhibited saliently higher performance during the crisis, but performed poorly during the non-crisis period. Firm size has a notably negative impact on firm performance. Firms audited by the Big Four accounting firms have a significantly negative correlation with performance. During the crisis, stock markets became less efficient in incorporating firm-specific information into stock prices, signifying that the determinants of firm performance vary across non-crisis and crisis periods.

Suggested Citation

  • Chien-Chiang Lee & Mei-Ping Chen & Shao-Lin Ning, 2017. "Why did some firms perform better in the global financial crisis?," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 30(1), pages 1339-1366, January.
    • Handle: RePEc:taf:reroxx:v:30:y:2017:i:1:p:1339-1366
    DOI: 10.1080/1331677X.2017.1355258
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1331677X.2017.1355258
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1331677X.2017.1355258?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ran, Rong & Hua, Lei & Xiao, Junfu & Ma, Li & Pang, Mingyue & Ni, Zhengxing, 2023. "Can poverty alleviation policy enhance ecosystem service value? Evidence from poverty-stricken regions in China," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1509-1525.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:reroxx:v:30:y:2017:i:1:p:1339-1366. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rero .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.