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  • 學位論文

經理人政治關聯與進入政府鼓勵性產業的後果:中國上市公司為例

The Consequence of CEO Political Connections and Encouraged Industries:Evidence from Listed Companies in China

指導教授 : 陳玉麟

摘要


本文以中國企業政治關聯的治理框架,結合進入鼓勵性產業之議題,研究與經理人強制離職之關聯。本文發現,有政治關聯並進入鼓勵性產業的經理人不太可能被強制替換。

並列摘要


This paper investigates the issue of forced CEO turnover in China and summarizes the economic consequences of political connections and entering encouraged industry. This paper finds that the interaction between political connections and entering encouraged industry is negatively associated with forced CEO turnover.

參考文獻


Aggarwal, R.K., Meschke, F., & Wang, T.Y. 2012. Corporate Political Donations: Investment or Agency? Business and Politics, 14(1): 1-40.
Aidis, R. & Adachi, Y. 2007. Russia: Firm Entry and Survival Barriers. Economic Systems, 31: 391-411.
Allen, F., Qian, J., & Qian, M. 2005. Law, Finance, and Economic Growth in China. Journal of Financial Economics, 77(1): 57-116.
Boubakri, N., Guedhami, O., Mishra, D., & Saffar, W. 2010. Political Connections and the Cost of Equity Capital. Unpublished Working Paper.
Calomiris, C.W., Fisman, R., & Wang, Y. 2010. Profiting from Government Stakes in a Command Economy: Evidence from Chinese Asset Sales. Journal of Financial Economics, 96(3): 399-412.

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