The moderating effect of an anti-corruption campaign on the relation between political connections and investment behavior-The case of Chinese listed firms

Nur Imamah, Tsui Jung Lin, Suhadak, Jung Hua Hung

研究成果: 雜誌貢獻期刊論文同行評審

1 引文 斯高帕斯(Scopus)

摘要

This paper examines the effect of the anti-corruption campaign on the investment behavior of Chinese politically connected firms between 2007and 2016. The results indicate that the campaign impacts on the investment expenditures and investment efficiency of Chinese listed firms. Compared with the pre-campaign period, all types of politically connected firms experience an obvious reduction in investment expenditures and SOEs controlled by local governments and Non-SOEs face enhanced investment efficiency after the campaign. Further analysis shows that it is mainly due to the mitigation of underinvestment for SOEs controlled by local governments and the alleviation of both over-investment and underinvestment for Non-SOEs.5.

原文???core.languages.en_GB???
文章編號3
頁(從 - 到)14-32
頁數19
期刊Australasian Accounting, Business and Finance Journal
14
發行號1 Special Issue
DOIs
出版狀態已出版 - 2020

指紋

深入研究「The moderating effect of an anti-corruption campaign on the relation between political connections and investment behavior-The case of Chinese listed firms」主題。共同形成了獨特的指紋。

引用此