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The impact of political connection and risk committee on corporate financial performance: evidence from financial firms in Malaysia

, 2020
This study aims to examine the association between the effectiveness of risk committee (RC) and firms’ performance in Malaysian context. It also explores whether political connection has an impact on the relationship.,This study, using a principle ...
Redhwan Al-Dhamari   +3 more
semanticscholar   +1 more source

Political Connections and Corporate Bailouts

The Journal of Finance, 2005
ABSTRACTWe analyze the likelihood of government bailouts of 450 politically connected firms from 35 countries during 1997–2002. Politically connected firms are significantly more likely to be bailed out than similar nonconnected firms. Additionally, politically connected firms are disproportionately more likely to be bailed out when the International ...
Faccio, Mara   +2 more
openaire   +1 more source

Political connection, corporate philanthropy and efficiency: Evidence from China’s anti-corruption campaign

Journal of comparative economics (Print), 2020
We find that the 2013 Chinese anti-corruption campaign remarkably reduced charitable donations from listed companies with strong political connections, and lessened government subsidies to these companies, implying a reciprocal relationship between ...
Zhuoqun Hao   +3 more
semanticscholar   +1 more source

Politically Connected Firms

American Economic Review, 2003
Examination of firms in 47 countries shows a widespread overlap of controlling shareholders and top officers who are connected with national parliaments or governments, particularly in countries with higher levels of corruption, with barriers to foreign investment, and with more transparent systems. Connections are diminished when regulations set more
openaire   +2 more sources

Financing R&D in Chinese private firms: Business associations or political connection?

Economic Modelling, 2019
Using a new and unique dataset of Chinese private firms, this paper explores how private firms access bank loans to finance innovative activities. The results reveal that political connection, rather than membership in a government-controlled business ...
Dongyang Zhang, Yumei Guo
semanticscholar   +1 more source

CEO discretion, political connection and real earnings management in Nigeria

, 2020
The purpose of this paper is to examine the influence of CEO discretion on the real earnings management and to explore whether the discretion of the CEO to ensure accurate and reliable financial reports is influenced by the political connection of board ...
A. Sani   +2 more
semanticscholar   +1 more source

DO FIRM CHARACTERISTICS, POLITICAL CONNECTION AND CORPORATE GOVERNANCE MECHANISM AFFECT FINANCIAL DISTRESS (EVIDENCE FROM INDONESIA)

International Journal of Trade and Global Markets, 2020
The objectives of this study are to evaluate the impact of firm characteristics (firm size, liquidity, profitability, and leverage), political connection and corporate governance mechanism (independent board of commissioner, institutional ownership, and ...
Y. Nugrahanti   +3 more
semanticscholar   +1 more source

Political connections and credit ratings:Do political connections substitute corporate governance ?

2020
Afin de protéger leurs droits et intérêts, plusieurs investisseurs développent des liens politiques en guise de rempart sur le marché. Pour certaines entreprises, ces liens politiques sont considérés comme un capital social de très grande valeur. Dans cette étude, nous visons à examiner si une entreprise ayant un système de gouvernance (CG) performant ...
Alaya Ben Salem, Karima, Slim, Chokri
openaire   +1 more source

Does environmental inspection led by central government undermine Chinese heavy-polluting firms’ stock value? The buffer role of political connection

Journal of Cleaner Production, 2019
Along with the continuous and rapid growth of Chinese economy, the problem of resource shortage and environmental deterioration has been increasingly serious, resulting in considerable attention from governments and the public.
Meng Tian, Guohu Xu, Linzi Zhang
semanticscholar   +1 more source

Are transactional political connections more valuable to firms than relational political connections?

Economic and Political Studies, 2022
Political connections are an increasingly important part of firms’ strategies to develop relationships with the government and politicians. This study examines the impact of transactional and relational political connections on firm value. The results show that transactionally connected firms are more likely to exhibit greater firm value than their ...
Taufiq Arifin   +3 more
openaire   +2 more sources

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