Proceedings of the 2013 International Conference on Education, Management and Social Science (ICEMSS-13)

The Impact of Executives’ Background on the Financial Constraints: Perspective from Political Connection and Financial Connection

Authors
Mingjing Yang
Corresponding Author
Mingjing Yang
Available Online August 2013.
DOI
https://doi.org/10.2991/icemss.2013.38How to use a DOI?
Keywords
politicalconnection, financial connection, degree of marketization, financial constraints
Abstract
Based on statistics of A-share enterprises in the period of 2007 to 2010, our literature mainly discuss the impact of executives’ political and financial connection on the financial constraints of the firms with different properties of ownership and in locations with different degree of marketization. Our study vindicates that private enterprises located in areas with low degree of marketization, executives with financial connections can alleviate the financial constraints. However, in areas with high degree of marketization executives with political connections can alleviate the financial constraints. Furthermore, in state-owned enterprises, executives with political connections can alleviate the financial constraints. Therefore, our study contributes to existing literatures regarding executive background and financial constraints. And we also provide instructions for firms that want to moderate financial constraints by recruiting new executives.
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Proceedings
2013 International Conference on Education, Management and Social Science (ICEMSS-13)
Part of series
Advances in Intelligent Systems Research
Publication Date
August 2013
ISBN
978-90-78677-80-2
ISSN
1951-6851
DOI
https://doi.org/10.2991/icemss.2013.38How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Mingjing Yang
PY  - 2013/08
DA  - 2013/08
TI  - The Impact of Executives’ Background on the Financial Constraints: Perspective from Political Connection and Financial Connection
BT  - 2013 International Conference on Education, Management and Social Science (ICEMSS-13)
PB  - Atlantis Press
SP  - 141
EP  - 145
SN  - 1951-6851
UR  - https://doi.org/10.2991/icemss.2013.38
DO  - https://doi.org/10.2991/icemss.2013.38
ID  - Yang2013/08
ER  -