Political turnovers, ownership, and corporate investment in China

We examine the impact of political influence and ownership on corporate investment by exploiting the unique way provincial leaders are promoted in China. The tournament-style promotion system creates incentives for new governors to exert influence over investment in the early years of their term. We...

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Bibliographic Details
Main Authors: CAO, Jerry X., BRANDON, Julio, LENG, Tiecheng, ZHOU, Sili
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
SOE
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6420
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7419/viewcontent/Political_Turnover_Ownership_2016_wp.pdf
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Institution: Singapore Management University
Language: English
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