Political Connections and Firm Performance Evidence from ST Firms of China
- 10.2991/emle-15.2015.71How to use a DOI?
- political connections; firm performance; ownership
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.
- © 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/).
Cite this article
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 -