Proceedings of the 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023)

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The impact of the Free Trade Zones establishment on the Corporate Risk-Taking level and its mechanism: Based on the empirical evidence of Chinese listed companies

Authors
Congcong Xu1, *
1College of Economics & Management, Northwest A&F University, Shaanxi, China
*Corresponding author. Email: isabellaxu@nwafu.edu.cn
Corresponding Author
Congcong Xu
Available Online 9 October 2023.
DOI
10.2991/978-94-6463-262-0_84How to use a DOI?
Keywords
Free Trade Zones; Corporate Risk-Taking; multi-period Difference in Differences model
Abstract

The corporate risk-taking level is of great significance for enterprises to seize development opportunities. Meanwhile, the establishment of Pilot Free Trade Zones in China encourages Chinese enterprises to be bold in trying and exploring. Based on the data of Chinese listed companies from 2007 to 2021, this study employs the multi-period Difference in Differences model and finds that the establishment of Free Trade Zones can significantly improve the corporate risk-taking level. This study provides a theoretical reference for promoting the Free Trade Zones policy, raising the risk-taking level of Chinese listed companies, and achieving long-term economic development.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023)
Series
Atlantis Highlights in Engineering
Publication Date
9 October 2023
ISBN
10.2991/978-94-6463-262-0_84
ISSN
2589-4943
DOI
10.2991/978-94-6463-262-0_84How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Congcong Xu
PY  - 2023
DA  - 2023/10/09
TI  - The impact of the Free Trade Zones establishment on the Corporate Risk-Taking level and its mechanism: Based on the empirical evidence of Chinese listed companies
BT  - Proceedings of the 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023)
PB  - Atlantis Press
SP  - 813
EP  - 819
SN  - 2589-4943
UR  - https://doi.org/10.2991/978-94-6463-262-0_84
DO  - 10.2991/978-94-6463-262-0_84
ID  - Xu2023
ER  -