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- W2385821141 abstract "Previous studies on political connections of private firms provide much evidence for helping hand,but this paper analyzes the hidden costs of building and maintaining political connections from the angle of capital investment.It finds that,in regions with lower degree of marketization,the capital investment of firms with political connections,which have greater investment scale but lower investment efficiency,is damaged by governments' grabbing hand which also has negative impact on firms' RD investment.Nevertheless,the grabbing hand has no significant effect in regions with higher degree of marketization.Finally,it arrives at a conclusion that,from the angle of capital investment,to build political connections in regions with lower degree of marketization is not beneficial to private firms." @default.
- W2385821141 created "2016-06-24" @default.
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- W2385821141 date "2011-01-01" @default.
- W2385821141 modified "2023-09-26" @default.
- W2385821141 title "Behind Political Connections of Private Firms:Helping Hand or Grabbing Hand?——Empirical Study from the Angle of Capital Investment" @default.
- W2385821141 hasPublicationYear "2011" @default.
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