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
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Englisch
- Erschienen in
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Journal: China Journal of Accounting Research ; ISSN: 1755-3091 ; Volume: 7 ; Year: 2014 ; Issue: 3 ; Pages: 165–177- ; Amsterdam: Elsevier
- Klassifikation
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Management
Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
Firm Behavior: Theory
Economics of Regulation
- Thema
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Political connections
Long-term loans
Media monitoring
- Ereignis
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Geistige Schöpfung
- (wer)
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Yang, Deming
Lu, Zhengfei
Luo, Danglun
- Ereignis
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Veröffentlichung
- (wer)
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Elsevier
- (wo)
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Amsterdam
- (wann)
-
2014
- DOI
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doi:10.1016/j.cjar.2014.08.004
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Yang, Deming
- Lu, Zhengfei
- Luo, Danglun
- Elsevier
Entstanden
- 2014