Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/94406
DC Field | Value | Language |
---|---|---|
dc.contributor | School of Accounting and Finance | en_US |
dc.contributor | College of Professional and Continuing Education | en_US |
dc.creator | Broadstock, D | en_US |
dc.creator | Chen, X | en_US |
dc.creator | Cheng, CSA | en_US |
dc.creator | Huang, W | en_US |
dc.date.accessioned | 2022-08-15T07:11:00Z | - |
dc.date.available | 2022-08-15T07:11:00Z | - |
dc.identifier.uri | http://hdl.handle.net/10397/94406 | - |
dc.language.iso | en | en_US |
dc.publisher | International Accounting Section of the American Accounting Association | en_US |
dc.rights | This is the accepted manuscript of the following article: Broadstock, D., Chen, X., Cheng, C. S., & Huang, W. (2020). The Value of Implicit Political Connections. Journal of International Accounting Research, 19(2), 1-18, which has been published in final form at https://doi.org/10.2308/jiar-18-604. | en_US |
dc.subject | Direct political connections | en_US |
dc.subject | Implicit political connections | en_US |
dc.subject | Firm performance | en_US |
dc.title | The value of implicit political connections | en_US |
dc.type | Journal/Magazine Article | en_US |
dc.identifier.spage | 1 | en_US |
dc.identifier.epage | 18 | en_US |
dc.identifier.volume | 19 | en_US |
dc.identifier.issue | 2 | en_US |
dc.identifier.doi | 10.2308/jiar-18-604 | en_US |
dcterms.abstract | We investigate whether the aggregated political relations of a firm’s top management team (TMT) add value to the firm’s performance. We distinguish between the political relations that arise from TMT’s own work experience, which are termed direct political connections (DPC), and the relations that TMT develops from working for the same institution with the government officials, which are termed implicit political connections (IPC). We find that IPC are positively associated with firm performance and that they often have a stronger effect than DPC do. We also find that the effect of IPC on firm value is stronger in SOEs and in firms located in under-developed provinces. Moreover, we find that after the anti-corruption campaign, the effect of DPC decreases but the effect of IPC does not significantly change. Overall, our results suggest the importance of investigating a firm’s aggregated political connections, especially its IPC. | en_US |
dcterms.accessRights | open access | en_US |
dcterms.bibliographicCitation | Journal of international accounting research, Summer 2020, v. 19, no. 2, p. 1-18 | en_US |
dcterms.isPartOf | Journal of international accounting research | en_US |
dcterms.issued | 2020 | - |
dc.identifier.scopus | 2-s2.0-85092511863 | - |
dc.identifier.eissn | 1542-6297 | en_US |
dc.description.validate | 202208 bcfc | en_US |
dc.description.oa | Accepted Manuscript | en_US |
dc.identifier.FolderNumber | AF-0042 | - |
dc.description.fundingSource | Self-funded | en_US |
dc.description.pubStatus | Published | en_US |
dc.identifier.OPUS | 43141927 | - |
Appears in Collections: | Journal/Magazine Article |
Files in This Item:
File | Description | Size | Format | |
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Cheng_Value_Implicit_Political.pdf | Pre-Published version | 604.05 kB | Adobe PDF | View/Open |
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