Superstition on Zodiac and Firm Performance: Evidence From China

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aut.embargoNoen_NZ
aut.thirdpc.containsNoen_NZ
dc.contributor.advisorNguyen, Nhut (Nick) Hoang
dc.contributor.authorRong, Qianfeng
dc.date.accessioned2020-04-28T02:51:31Z
dc.date.available2020-04-28T02:51:31Z
dc.date.copyright2020
dc.date.issued2020
dc.date.updated2020-04-28T00:30:35Z
dc.description.abstractAmong the widespread superstitions in China, the “zodiac year” of birth, which occurs once every 12 years, is believed to bring bad luck to one’s career, health, or family. In this study I investigate if the zodiac year of a firm’s top executives would bring negative impact on the firm’s financial performance compared to normal years. I find that ROA, ROE, and Tobin’s Q are significantly lower in the zodiac year than those in normal years. However, the firm’s stock returns do not seem to reflect the zodiac year’s negative impact.en_NZ
dc.identifier.urihttps://hdl.handle.net/10292/13292
dc.language.isoenen_NZ
dc.publisherAuckland University of Technology
dc.rights.accessrightsOpenAccess
dc.subjectSuperstitionen_NZ
dc.subjectZodiac year of birthen_NZ
dc.subjectChinese chairmanen_NZ
dc.subjectFirm performanceen_NZ
dc.titleSuperstition on Zodiac and Firm Performance: Evidence From Chinaen_NZ
dc.typeDissertationen_NZ
thesis.degree.grantorAuckland University of Technology
thesis.degree.levelMasters Dissertations
thesis.degree.nameMaster of Businessen_NZ
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