Political Connections and Firm Performance Evidence from ST Firms of China

被引：0
|
作者：
Yao, Shanshan [1 ]
机构：
[1] Southwest Jiaotong Univ, Chengdu, Peoples R China
来源：
PROCEEDINGS OF THE 2015 INTERNATIONAL CONFERENCE ON ECONOMICS, MANAGEMENT, LAW AND EDUCATION | 2016年 / 46卷
关键词：
political connections; firm performance; ownership;
D O I：
暂无
中图分类号：
C [社会科学总论];
学科分类号：
03 ; 0303 ;
摘要：
Using Heckman two stage regression, this paper investigates the effect of political connections of ST firms on firm performance. We find that political connections do play a positive role on the firm performance, but the influence is effective in the short term. What's more, the influence varies from the ownership of distress firms, for private distressed firms, the influence of political connections on firm performance is significant positive, but such a pattern is not observed in stated-owned enterprises.
引用
收藏
页码：314 / 317
页数：4
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