This study examines the value of political capital in the Chinese IPO market. We find a positive relationship between a politically connected executive and the probability of IPO approval of entrepreneurial firms. We further identify that shareholders value those connections and give a market...

Manuscript Type: EmpiricalResearch Question/Issue: This study examines the relevance of currently accepted best practice recommendations regarding board structure on the survival likelihood of new economy Initial Public Offering companies. We argue that industry context determines governance...

This paper examines the value of political connections in the Chinese IPO market. We find a positive relationship between CEO/chairman's political connections and the probability of IPO approval of entrepreneurial firms. We further identify that minority shareholders value those connections and...

This paper examines the effect of political connections on firms' access to Chinese IPO market. We find a positive relationship between CEO/chairman's political connections and the probability of IPO approval of entrepreneurial firms. We provide evidence that connected independent directors and...