Chinese firms' political connection, ownership, and financing constraints

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review

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Detail(s)

Original languageEnglish
Pages (from-to)164-167
Journal / PublicationEconomics Letters
Volume115
Issue number2
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

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 Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review