Political Connections and Stock crash risk—Empirical evidence from A-share companies in China
Journal Title: Malaysian E Commerce Journal (MECJ) - Year 2017, Vol 1, Issue 2
Abstract
Based on the sample data of 2010-2014 A-share companies in China, This thesis empirically tested the influence of political connections on stock price crash risk in the future. The results showed that both of political connections and political connections strength were remarkable negative correlation with the listed company's share price crash risk in the future. Research conclusion of this thesis has an important theoretical and practical significance both for overall understanding the economic consequences of political connections and how to guard against crash risk.
Authors and Affiliations
Xiaoguang Hu, Hui Xu
Keywords
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- EP ID EP404500
- DOI 10.26480/mecj.02.2017.04.07
- Views 109
- Downloads 0
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