Political Connection, M&A and Enterprise Performance: Evidence from China Listed Companies

• 영문명: Political Connection, M&A and Enterprise Performance: Evidence from China Listed Companies
• 발행기관: 국제지역학회
• 저자명: 장나(Zhang Na) 이상휘(Lee Sang Whi)
• 간행물 정보: 『국제지역연구』제20권 제4호, 147~161쪽, 전체 15쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2016.12.30

영문 초록

Based on the samples of the Chinese listed companies, this paper studies the influence of political connection on enterprises M&A. We show that the political networks of the listed corporations in China considerably affect their M&A activities. More and greater M&A appear on the companies with political connection. The government mostly influences the political connections on the enterprises M&A. Moreover, we try to find out how much political connection affect the results of the enterprises M&A. Our study can contribute to a new aspect of the political connection in literature, as well as its fiscal consequences in China.

목차

Ⅰ. Introduction

Ⅱ. Research Hypothesis

Ⅲ. Data & Variables

Ⅳ. Empirical Results

Ⅴ. Conclusions

Reference

키워드

M& A Political Connection Enterprises Mergers and Acquisitions Characteristics of M& A Economic Consequences