| Id |
Subject |
Object |
Predicate |
Lexical cue |
| T44 |
0-110 |
Sentence |
denotes |
Moreover, we conduct two sets of cross-sectional analyses for corroborating the inference from the main tests. |
| T45 |
111-268 |
Sentence |
denotes |
First, we conjecture that stronger provincial information accessibility will decrease the investors’ risk assessment by mitigating the information asymmetry. |
| T46 |
269-478 |
Sentence |
denotes |
We expect a negative moderate effect of information asymmetry, proxied by the higher websites rate, media coverage, and mobile internet rate, on the relationship between increasing threats and abnormal return. |
| T47 |
479-660 |
Sentence |
denotes |
Second, we assume that stronger provincial economic growth will decrease the investors’ risk assessment by enhancing the likelihood to have a positive outlook on the future economy. |
| T48 |
661-900 |
Sentence |
denotes |
Thus, we expect that the negative effect of increasing threats on market reaction is less pronounced when the provincial economic growth is stronger, proxied for by the higher gross regional product rate, employment rate, and urbanization. |
| T49 |
901-974 |
Sentence |
denotes |
Overall, the results of cross-sectional analyses support our conjectures. |
