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Yan-Guang Liu

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Open access Sep 2026

Trade Policy Uncertainty, Innovation Performance and Stock Price Crash Risk: Evidence From the Backbone of Corporate China

This study focuses on the exposure of leading Chinese firms to stock price crash risk amid the heightened policy uncertainty and geopolitical hostility of the US–China trade war. We find that Chinese multinationals with ex ante outward investments in the United States through cross‐border M&A or green field projects...

Yan-Guang Liu, Yan-Kuo Qiao, Feng-Yuan Xi · 0 citations

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