Abstract:In this study, we investigate the relationship between economic policy uncertainty (EPU) and firm value of Chinese listed companies. Our research is based on China’s EPU index developed by previous researchers and financial data on 1749 Chinese listed companies from 2011 to 2020. The empirical results reveal that economic policy uncertainty negatively influences firm value, and that corporate governance affects the degree of the effect. To be more specific, we investigate the moderating effect of corporate gov… Show more
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