Political connections and stock price crash risk: Evidence from China
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- 作者：Jin-hui Luo ; jinhuiluo@xmu.edu.cn" class="auth_mail" title="E-mail the corresponding author ; Manning Gong ; Yilong Lin ; Qifeng Fang
- 关键词：G3 ; P2
- 刊名：Economics Letters
- 出版年：2016
- 出版时间：October 2016
- 年：2016
- 卷：147
- 期：Complete
- 页码：90-92
- 全文大小：342 K
文摘
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We examine the impact of corporate political connections on a firm’s future stock price crash risk.
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We explore to measure the strength of political connections and classify political connections into two distinct types.
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Political connections can reduce a firm’s future stock price crash risk in China.
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The effect of political connections is contingent to the strength and type of political connections.