Political Connection, M&A and Enterprise Performance: Evidence from China Listed Companies
- Na, Zhang (Department of International Business & Trade, Kyung Hee University) ;
- Lee, Sang Whi (Department of International Business & Trade, Kyung Hee University)
- 투고 : 2016.11.15
- 심사 : 2016.12.27
- 발행 : 2016.12.30
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.
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