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
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;
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.2010.5689381
