Do politically connected independent directors matter? Evidence from mandatory resignation events in China
Sign Up to like & getrecommendations! Published in 2019 at "China Economic Review"
DOI: 10.1016/j.chieco.2018.05.011
Abstract: Abstract This paper investigates the contributions of politically connected independent directors to shareholder value by examining stock price reactions to their mandatory resignations. Employing an event study, we find that, if a private firm loses… read more here.
Keywords: stock price; mandatory resignation; politically connected; connected independent ... See more keywords
Politician as venture capitalist: Politically-connected VCs and IPO activity in China
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Corporate Finance"
DOI: 10.1016/j.jcorpfin.2020.101632
Abstract: Abstract This study examines the impact of venture capitalists' (VC) political connections on their portfolio companies. Specifically, we use a manually-collected dataset of VCs' political connection to investigate the potential benefits and costs that politically-connected… read more here.
Keywords: politically connected; politician venture; connected vcs; portfolio companies ... See more keywords
Do competitors benefit from the resignation of politically connected independent directors? Evidence from China
Sign Up to like & getrecommendations! Published in 2021 at "Applied Economics"
DOI: 10.1080/00036846.2021.1956678
Abstract: Using a sample of Chinese listed firms in the Shanghai and Shenzhen Stock Exchange during the period of 2012–2017, this paper studies the impact of losing political resources on the competitors’ va... read more here.
Keywords: politically connected; benefit resignation; competitors benefit; resignation politically ... See more keywords
Politically connected managers, government ownership and corporate socially responsible investments: evidence from China
Sign Up to like & getrecommendations! Published in 2018 at "Applied Economics Letters"
DOI: 10.1080/13504851.2017.1409413
Abstract: ABSTRACT We investigated the effects of politically connected managers on the corporate socially responsible investments of firms with different types of ownership. The results show that SOEs with politically connected managers are more likely to… read more here.
Keywords: politically connected; connected managers; ownership; corporate socially ... See more keywords
Do politically connected firms borrow cheaply? Evidence from two post U.S. election campaigns
Sign Up to like & getrecommendations! Published in 2020 at "Applied Economics Letters"
DOI: 10.1080/13504851.2020.1861194
Abstract: We shed more light on the effect of corporate political connections on the cost of debt of US firms. Focusing on new public debt issuance and applying a two stages instrumental variable model, we s... read more here.
Keywords: politically connected; connected firms; evidence two; firms borrow ... See more keywords
Types of politically connected firms and analysts' earnings forecast
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Applied Accounting Research"
DOI: 10.1108/jaar-05-2020-0084
Abstract: PurposeThis study examined the effect of different types of politically connected (PCON) Malaysian firms on analysts' forecast accuracy and dispersion.Design/methodology/approachThe study identified different types of PCON firms according to Wong and Hooy's (2018) classification, which… read more here.
Keywords: politically connected; types politically; different types; firms analysts ... See more keywords
Politically Connected Owners
Sign Up to like & getrecommendations! Published in 2022 at "Comparative Political Studies"
DOI: 10.1177/00104140221109428
Abstract: Political connections provide substantial benefits to firms. We emphasize the ownership of firms as an important channel through which political connections operate and identify a resulting link between political turnover and turnover in the ownership… read more here.
Keywords: political connections; ownership firms; connected owners; ownership ... See more keywords
POLITICALLY CONNECTED BANKS: SOME INDONESIAN EVIDENCE
Sign Up to like & getrecommendations! Published in 2017 at "International Journal of Biological Sciences"
DOI: 10.33736/ijbs.491.2017
Abstract: (ProQuest: ... denotes formulae omitted.)1. INTRODUCTIONThe impact of being politically connected firms has been widely discussed in the literature. Wu et al. (2010) explain that based on the resources-based view theory, political connections are a… read more here.
Keywords: politically connected; political connections; government; performance ... See more keywords