Yan, Isabel K. and Chan, Kenneth S. and Dang, Vinh Q.T. (2011): Chinese Firms’ Political Connection, Ownership, and Financing Constraints. Forthcoming in: Economics Letters
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We empirically examine some listed Chinese firms’ political connection, ownership, and financing constraints. Politically-connected firms display no financing constraints whereas firms without connection experience significant constraints. Non-connected family-controlled firms bear greater constraints than non-connected state-owned firms.
|Item Type:||MPRA Paper|
|Original Title:||Chinese Firms’ Political Connection, Ownership, and Financing Constraints|
|Keywords:||Political connection; investments; financing constraints; Chinese firms|
|Subjects:||G - Financial Economics > G3 - Corporate Finance and Governance > G31 - Capital Budgeting ; Fixed Investment and Inventory Studies ; Capacity
G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation
E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E22 - Investment ; Capital ; Intangible Capital ; Capacity
O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance
|Depositing User:||Isabel Yan|
|Date Deposited:||06. Dec 2011 11:54|
|Last Modified:||14. Feb 2013 09:02|
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