Political Connection and Firm Value

• المؤلفون الرئيسيون: ANG, James S., DING, David K., THONG, Tiong Yang
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2011
• الموضوعات: political connection; corporate governance; firm value; Singapore; Business; Corporate Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/4439; https://ink.library.smu.edu.sg/context/lkcsb_research/article/5438/viewcontent/PoliticalConnectionFirmValue.pdf

We study the effect of political connection (PC) on company value in an environment where low PC is due to better institutions and not confounded by favorable social/cultural factors. We find that in Singapore, the only country that fits this description, PC in general adds little to the value of a...