Title :
Does political connection affect information transparency?
Author :
Feng, Yin ; Lei, Wu
Author_Institution :
Accounting School, Shanghai Institute of Foreign Trade, China
Abstract :
This paper mainly analyzes whether the political connections will impact information transparency. The empirical results indicate politically connected firms have lower quality of information than non-connected peers, however, the improvement of the institutional environment can relieve or eliminate the negative influence taken by the political connections. And the substitution effect is significantly weak in the regions with high financial development and sound law systems.
Keywords :
Companies; Economics; Finance; Government; Law; Mathematical model; information transparency; institutional environment; political connection;
Conference_Titel :
Information Science and Engineering (ICISE), 2010 2nd International Conference on
Conference_Location :
Hangzhou, China
Print_ISBN :
978-1-4244-7616-9
DOI :
10.1109/ICISE.2010.5691559