Political Connections, Local Interests and Environmental Performance
نویسندگان
چکیده
منابع مشابه
Red Capitalists: Political Connections and Firm Performance in China
Uncertainty in the policy making process creates substantial transaction costs for firms (Williamson, 1991; Henisz andZelner, 2004). Consequently, business organisations engage in political behaviour to internalise these costs and influence the policy process in ways favourable to them. The current paper is concerned with a particular form of political strategy adopted by firms in China. A sign...
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In this paper, we examine the role of political connections by analyzing the short-and long-term performance of Chinese state owned enterprise (SOE) acquirers relative to private owned enterprise (POE) from 1994 to 2008. The empirical result shows that 1) SOE acquirers outperform the POE acquirer both in terms of long-run stock and operating performance; 2) announcement effect of POE acquirer t...
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The present study aims to investigate the association between political connections and related-party transactions for the firms listed on the Tehran Stock Exchange (TSE). Sample includes the 485 firm-year observations from companies listed on the Tehran Stock Exchange during the years 2013 to 2017 and research hypothesis was tested using multivariate regression model based on panel data.We fin...
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Do political connections increase bank risk-taking, or do they work as a financial safety net ex post? Using a data set of lobbying activities by US financial institutions, this paper provides empirical evidence that lobbying activities reduce banks’ risks under the presence of government bailouts. First, I uncover from an event study the fact that political connections and government bailouts ...
متن کاملPolitical Connections and Investment in Rural Vietnam
This paper uses household panel data from rural Vietnam to explore the effects of having a relative in a position of political or bureaucratic power on farmers’ agricultural investment decisions. Our main result is that households significantly increase their investment in land improvement as a result of relatives moving into public office. Connections to office holders appear to be important f...
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ژورنال
عنوان ژورنال: Journal of Human Resource and Sustainability Studies
سال: 2014
ISSN: 2328-4862,2328-4870
DOI: 10.4236/jhrss.2014.23011