Artikel

Political connections, media monitoring and long-term loans

We analyze data on Chinese non-state-listed firms and find that it is easier for firms with political connections to obtain long-term loans with extended debt maturities than it is for firms without political connections. Our investigation indicates that this phenomenon is significantly less common with increased media monitoring. Houston et al. (2011) find strong evidence that the state ownership of media is associated with higher levels of bank corruption in China, but our study shows that, to a certain extent, media monitoring can curb corruption.

Sprache
Englisch

Erschienen in
Journal: China Journal of Accounting Research ; ISSN: 1755-3091 ; Volume: 7 ; Year: 2014 ; Issue: 3 ; Pages: 165–177- ; Amsterdam: Elsevier

Klassifikation
Management
Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
Firm Behavior: Theory
Economics of Regulation
Thema
Political connections
Long-term loans
Media monitoring

Ereignis
Geistige Schöpfung
(wer)
Yang, Deming
Lu, Zhengfei
Luo, Danglun
Ereignis
Veröffentlichung
(wer)
Elsevier
(wo)
Amsterdam
(wann)
2014

DOI
doi:10.1016/j.cjar.2014.08.004
Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Yang, Deming
  • Lu, Zhengfei
  • Luo, Danglun
  • Elsevier

Entstanden

  • 2014

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