Please use this identifier to cite or link to this item:
http://hdl.handle.net/20.500.11861/5040
Title: | Political connections and corporate diversification: An exploration of Chinese firms |
Authors: | Dr. SHEN Na, Nell Zhang, Min Su, Jun Sun, Yuefan Zhang, Wen |
Issue Date: | 2015 |
Source: | Emerging Markets Finance and Trade, 2015, vol. 51(1), pp. 234-246. |
Journal: | Emerging Markets Finance and Trade |
Abstract: | In this study, we explore the relationship between political connections and corporate diversification in China. We find that the diversification level of politically connected firms is significantly higher than that of non-politically connected firms. We further find that the relationship is stronger in non-state-owned enterprises and in areas in which government intervention is greater. This study enriches the corporate diversification literature by highlighting political connections as an important driver of corporate diversification in emerging markets. It also furthers our understanding of the institutional environment as a moderator of the relationship between political connections and firm diversification. |
Type: | Peer Reviewed Journal Article |
URI: | http://hdl.handle.net/20.500.11861/5040 |
ISSN: | 1540-496X 1558-0938 |
DOI: | 10.1080/1540496X.2015.1012400 |
Appears in Collections: | Business Administration - Publication |
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