Do antidumping measures affect Chinese export-related firms?

Xiuping Hua, Ying Jiang, Qian Sun, Xinyi Xing

Research output: Journal PublicationArticlepeer-review

3 Citations (Scopus)

Abstract

We examine how the US and EU antidumping (AD) cases against Chinese firms affected their stock prices and long-term financial performance during 1995–2012, and whether the affected Chinese firms received more or less government subsidies in the subsequent years. Our findings indicate that AD news, especially the final decision on imposing antidumping measures, has significantly negative effects on the stock price of relevant Chinese export-related firms. There is also some limited evidence that the AD affected firms perform worse than their matched peers in terms of profitability. However, little empirical evidence reveals an increase in government subsidies given to AD affected firms after the imposition of AD duties, but we find a decrease in subsidies for non-SOEs.

Original languageEnglish
Pages (from-to)871-900
Number of pages30
JournalReview of Quantitative Finance and Accounting
Volume52
Issue number3
DOIs
Publication statusPublished - 1 Apr 2019

Keywords

  • Antidumping
  • Financial performance
  • Government subsidies
  • SOEs
  • Stock returns

ASJC Scopus subject areas

  • Accounting
  • General Business,Management and Accounting
  • Finance

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