International Area Studies Review (국제지역연구)
- Volume 20 Issue 4
- /
- Pages.147-161
- /
- 2016
- /
- 1226-6000(pISSN)
Political Connection, M&A and Enterprise Performance: Evidence from China Listed Companies
- Na, Zhang (Department of International Business & Trade, Kyung Hee University) ;
- Lee, Sang Whi (Department of International Business & Trade, Kyung Hee University)
- Received : 2016.11.15
- Accepted : 2016.12.27
- Published : 2016.12.30
Abstract
Based on the samples of the Chinese listed companies, this paper studies the influence of political connection on enterprises M&A. We show that the political networks of the listed corporations in China considerably affect their M&A activities. More and greater M&A appear on the companies with political connection. The government mostly influences the political connections on the enterprises M&A. Moreover, we try to find out how much political connection affect the results of the enterprises M&A. Our study can contribute to a new aspect of the political connection in literature, as well as its fiscal consequences in China.
Keywords
- M&A;
- Political Connection;
- Enterprises Mergers and Acquisitions;
- Characteristics of M&A;
- Economic Consequences