Chinese firms’ political connection, ownership, and financing constraints

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.

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Year of publication:	2012
Authors:	Chan, Kenneth S. ; Dang, Vinh Q.T. ; Yan, Isabel K.M.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 115.2012, 2, p. 164-167
Publisher:	Elsevier
Subject:	Political connection \| Ownership \| Investment \| Financing constraints \| Chinese firms

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Type of publication:	Article
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; G31 - Capital Budgeting; Investment Policy ; G18 - Government Policy and Regulation ; O16 - Financial Markets; Saving and Capital Investment
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010576422