Political Connection and Post-IPO Firm Values in Singapore

• Main Authors: Ang, James S., DING, David K., THONG, Tiong Yang
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: Political connection; corporate governance; firm value; Singapore; Business
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/4440
• Institution: Singapore Management University

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...