Political Connections and Firm Performance Evidence from ST Firms of China

DOI

10.2991/emle-15.2015.71How to use a DOI?

Keywords

political connections; firm performance; ownership

Abstract

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.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Shanshan Yao
PY  - 2015/11
DA  - 2015/11
TI  - Political Connections and Firm Performance Evidence from ST Firms of China
BT  - Proceedings of the 2015 International Conference on Economics, Management, Law and Education
PB  - Atlantis Press
SP  - 314
EP  - 317
SN  - 2352-5398
UR  - https://doi.org/10.2991/emle-15.2015.71
DO  - 10.2991/emle-15.2015.71
ID  - Yao2015/11
ER  -