#3031. Corporate ownership and political connections: Evidence from post-IPO long term performance in China

March 2027publication date
Proposal available till 30-05-2025
4 total number of authors per manuscript5500 $

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Journal’s subject area:
Business, Management and Accounting (miscellaneous);
Finance;
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Abstract:
The article provides a practical framework for highlighting how political ties affect the material outcomes of initial public offerings (IPOs) for Chinese firms. An important aspect of the article is the decomposition of the consequences of political ties into three types: (i) the burden of politics, (ii) the protection of investors, and (iii) the protection of the government, attributed to grasping, invisible and helping hands. hand respectively. The results show that the positive impact of political ties on the long-term performance of family firms is explained by investor protection and state patronage.
Keywords:
Government patronage; Investor protection; Political connection; Post-IPO long-term performance

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