Chinese firms' political connection, ownership, and financing constraints

Research output: Journal Publications and ReviewsRGC 21 - Publication in refereed journalpeer-review

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Author(s)

Related Research Unit(s)

Detail(s)

Original languageEnglish
Pages (from-to)164-167
Journal / PublicationEconomics Letters
Volume115
Issue number2
Online published16 Dec 2011
Publication statusPublished - May 2012

Abstract

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. © 2011 Elsevier B.V.

Research Area(s)

  • Chinese firms, Financing constraints, Investment, Ownership, Political connection

Bibliographic Note

Full text of this publication does not contain sufficient affiliation information. With consent from the author(s) concerned, the Research Unit(s) information for this record is based on the existing academic department affiliation of the author(s).

Citation Format(s)

Chinese firms' political connection, ownership, and financing constraints. / Chan, Kenneth S.; Dang, Vinh Q.T.; Yan, Isabel K.M.
In: Economics Letters, Vol. 115, No. 2, 05.2012, p. 164-167.

Research output: Journal Publications and ReviewsRGC 21 - Publication in refereed journalpeer-review