Managerial ties and access to finance in weak institutional contexts: Does CEO duality matter?
نویسندگان
چکیده
Though managerial ties are substitutes for the weak market-supporting institutions in developing and emerging countries, little is known about contingent value of these credit markets. In this study, we disintegrate into political financial ties, examine their effect on access to finance. Using agency theory, propose that reduce information asymmetry between firms, politicians banks, culminating increased bank loans firms. We also CEO duality, through its influence corporate governance consolidation, strengthens (weakens) (political) survey data from Ghana, found support our propositions. Overall, study shows duality. It suggests duality a double-edged sword with implications economies.
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ژورنال
عنوان ژورنال: Africa journal of management
سال: 2021
ISSN: ['2332-2381', '2332-2373']
DOI: https://doi.org/10.1080/23322373.2021.1944714