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The Relation between Performance and Political Connection- Evidence from China listed Corporations

The results show that political connection has positive relation with ROE, but negative with ROA which means businessmen seek rent by from government and meanwhile, politicians extract rents from companies they manage. If members of Committee of the Chinese¡¦s People¡¦s Political Consultative Conference and firms¡¦ Community Party also serving on the board have great influence on firms¡¦ performance and resource. Besides, poor performance does not lead firms to gain political connection. Most import, power transition does not influence firms¡¦ value, especially those with old political connection.

Identiferoai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0215108-122036
Date15 February 2008
CreatorsChun, Tzu
ContributorsKuang S. Yeh, David Shyu, Tai Ma
PublisherNSYSU
Source SetsNSYSU Electronic Thesis and Dissertation Archive
LanguageEnglish
Detected LanguageEnglish
Typetext
Formatapplication/pdf
Sourcehttp://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0215108-122036
Rightswithheld, Copyright information available at source archive

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