Notice of RetractionSocial capital and subsidy of government: An empirical analysis of Chinese private listed firms

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

We know that more and more Chinese private entrepreneurs have built favorable connection with government through political participation in these years. This kind of connection may be called social capital. That social capital is an investment in social connection which is expected to be rewarded in the market. In this paper, we use the data of China´s private listed firms from 2002 to 2005 to examine the role of the social capital to get government subsidy, which is due to the Chinese private listed firm´s political participation. The results indicate that the Chinese private listed firms with social capital could obtain some important government supports, such as entering into the regulated industries more easily; devoting to the real estate industry more than others; getting more government subsidies. This will help us to understand the motive that why more and more Chinese private listed firms expect to take part in politics.