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ABSTRACT The government of China plays an important role in the external environment of private sector enterprises (PSEs), having a significant effect on their survival and development. Therefore, managing their… Click to show full abstract
ABSTRACT The government of China plays an important role in the external environment of private sector enterprises (PSEs), having a significant effect on their survival and development. Therefore, managing their relationship with the government becomes a key aspect of strategic decision-making and operating actions of PSEs. We extend the evidence of this by introducing a new dimension of political connection: partial state ownership of PSEs. Using a data set of 262 publically listed PSEs in China, we empirically investigate the effects of partial state ownership of PSEs on the access to bank loans.
Journal Title: Emerging Markets Finance and Trade
Year Published: 2017
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