Examines how investor interactions lower corporate risk-taking in private enterprises and high-tech industries, implying better monitoring.
• This study examines how investor-enterprise interactions influence corporate risk-taking using Q&A data from interactive investor platforms in China; • We find that the investor-enterprise interactions can mitigate corporate risk-taking levels; • Further analysis indicates that this effect is particularly pronounced in private enterprises and high-tech industries; • Investor-enterprise interactions lower risk-taking by promoting external monitoring and improving the information environment.
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Liu et al. (2026) studied this question.
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