Abstract
Original language | English |
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Pages (from-to) | 430-448 |
Number of pages | 19 |
Journal | Journal of Corporate Finance |
Volume | 29 |
Early online date | 28 Sept 2014 |
DOIs | |
Publication status | Published - Dec 2014 |
Funding
The authors thank Jeff Netter, the editor, and the reviewer for their helpful comments on an earlier version of the paper. Firth acknowledges financial support from a grant from the Government of the HKSAR (LU390113). Xianjie He acknowledges financial support from the National Natural Science Foundation of China (No. 71202003; No. 71472113) and the MOE Project of Key Research Institute of Humanities and Social Sciences at Universities (No. 11JJD790008). Oliver M. Rui acknowledges financial support of a CEIBS research grant and a National Science Fund Committee of China (No. 71372203) grant. Tusheng Xiao acknowledges financial support from the National Natural Science Foundation of China (No. 71402197) and the Beijing Municipal Commission of Education “Joint Construction Project” and “Pilot Reform of Accounting Discipline Clustering”.
Keywords
- Conspicuous wealth
- Fairness
- Market reaction
- Government reaction
- Philanthropy