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
相关论文
共 50 条
  • [31] Political Connection, Diversification and Firm Valuation: Evidence from family-owned firms in China
    Tao Lan
    Xie Huobao
    [J]. EBM 2010: INTERNATIONAL CONFERENCE ON ENGINEERING AND BUSINESS MANAGEMENT, VOLS 1-8, 2010, : 172 - 175
  • [32] Do Political Connections Add Value to Audit Firms? Evidence from IPO Audits in China
    Yang, Zhifeng
    [J]. CONTEMPORARY ACCOUNTING RESEARCH, 2013, 30 (03) : 891 - 921
  • [33] Political connections and privatization: Evidence from China
    Tu, Guoqian
    Lin, Bingxuan
    Liu, Feng
    [J]. JOURNAL OF ACCOUNTING AND PUBLIC POLICY, 2013, 32 (02) : 114 - 135
  • [34] Is audit firms' social performance associated with audit firm reputation? Evidence from China
    Zhou, Yu
    Liu, Jiaxin
    Lei, Dongliang
    Zhang, Joseph H.
    [J]. INTERNATIONAL JOURNAL OF AUDITING, 2024,
  • [35] Firm performance, ownership, and securitization: evidence from non-financial firms in China
    Lin, Qiang
    He, Zhongzhi
    Li, Bin
    Liu, Zhiwang
    [J]. REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING, 2024,
  • [36] Ownership Concentration, Identity and Firm Performance:Evidence from China?s Listed Firms
    Wang, Hongmei
    Wu, Jun
    Yang, Yuhong
    Li, Ruihai
    Liu, Yuping
    [J]. EMERGING MARKETS FINANCE AND TRADE, 2019, 55 (15) : 3653 - 3666
  • [37] Political Connections, Industry Entry Choice and Performance Volatility: Evidence from China
    Wu, Bao
    Liang, Haiyan
    Chan, Shifen
    [J]. EMERGING MARKETS FINANCE AND TRADE, 2022, 58 (01) : 290 - 299
  • [38] Acquirer size, political connections and mergers and acquisitions performance Evidence from China
    Zhao, Xi
    Ma, Huanyu
    Hao, Ting
    [J]. STUDIES IN ECONOMICS AND FINANCE, 2019, 36 (02) : 311 - 332
  • [39] Family firms and firm performance: Evidence from Japan
    Saito, Takuji
    [J]. JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES, 2008, 22 (04) : 620 - 646
  • [40] Pledging and firm performance: Evidence from Indian firms
    Rajhans, Rajni Kant
    [J]. ASIA PACIFIC MANAGEMENT REVIEW, 2022, 27 (02) : 106 - 114
12345