Government Inspectors' Penalties and Charging Fee of Investment Banks--Empirical research based on data of Chinese public companies
作者机构：SHU-UTS SILC Business SchoolShanghai UniversityShanghaiChina
出 版 物：《经济管理学刊（中英文版）》 (Economic Management Journal)
年 卷 期：2018年第7卷第2期
页 面：87-93页
学科分类：02[经济学]
主 题：Government Inspectors'Penalties Investment Banks Charging Fee
摘 要：This paper uses data of Chinese public companies from 2004-2015 to test the relationship between government inspectors penalties and charging fee of investment *** test results show that after getting the penalties from government inspectors the charging fee of investment bank would decrease *** negative impact of penalties on charging fee is more significant to the investment bank that has high *** indicates that the penalties of government inspectors damage the reputation of investment *** research could help understand the effects of the government inspection on the reputation of investment banks.
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