DocumentCode
2101835
Title
The influence of political connections on the firm value of small and medium-sized enterprises in China
Author
Na, Zhao ; Fusheng, Wang ; Hao, Tian
Author_Institution
School of Management, Harbin Institute of Technology, HIT, China
fYear
2010
fDate
4-6 Dec. 2010
Firstpage
3267
Lastpage
3270
Abstract
The firm value of small and medium-sized enterprises (SMEs) was affected by many factors, such as the shareholders, cash flow, and government relationship. This paper investigated the influence of the political connections on the firm value of SMEs in China. The affect of political connections on the effectiveness of firm value was analyzed by using the empirical data. The results show that political connections are key factors and have negative influence on firm value of SMEs in China.
Keywords
Cavity resonators; Companies; Economics; Government; Law; Marketing and sales; Threshold current; SMEs; Tobin´s Q; firm value; political connections;
fLanguage
English
Publisher
ieee
Conference_Titel
Information Science and Engineering (ICISE), 2010 2nd International Conference on
Conference_Location
Hangzhou, China
Print_ISBN
978-1-4244-7616-9
Type
conf
DOI
10.1109/ICISE.2010.5689381
Filename
5689381
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