Abstract
This paper takes the data of Shanghai and Shenzhen A-share-listed companies from 2009 to 2016 as the research sample to test whether the policy burden will affect corporate risk-taking and the regulating effect of industry competition. The results show that: First, policy burden has a significant negative effect on corporate risk-taking. Second, industry competition reduces the negative impact of policy burden on corporate risk-taking. After subdividing the policy burden into social burden and strategic burden, it is found that the industry competition weakens the relationship between social burden and corporate risk-taking, but the regulating effect is not significant between strategic burden and corporate risk-taking.
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Li, X., Gao, B., Li, S. (2022). Policy Burden, Industry Competition, and Corporate Risk-Taking. In: Wang, T., Patnaik, S., Ip, A.W., Tavana, M. (eds) Advances in Decision Science and Management. ICDSM 2021. Advances in Intelligent Systems and Computing, vol 1391. Springer, Singapore. https://doi.org/10.1007/978-981-16-2502-2_9
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DOI: https://doi.org/10.1007/978-981-16-2502-2_9
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