https://scholars.lib.ntu.edu.tw/handle/123456789/414653| Title: | Can political and business connections alleviate financial constraints? | Authors: | Yen J.-F. Chen Y.-S. Lin C.-Y. Tsai C.-H. |
Keywords: | directorships;financial constraints;political and business connections;trade associations | Issue Date: | 2014 | Journal Volume: | 21 | Journal Issue: | 8 | Start page/Pages: | 550-555 | Source: | Applied Economics Letters | Abstract: | This article examines the relationship between political and business connections (PBCs) and firms' financial constraints. We proxy a firm's PBCs by whether or not the firm's CEO should hold a directorship in major trade organizations. Using an endogenous switching regression model, we find that firms with a connected CEO are less likely to be classified as financially constrained firms. Our results can provide a possible explanation why firms allow their CEOs to hold directorships in trade associations. ? 2014 Taylor & Francis. |
URI: | https://scholars.lib.ntu.edu.tw/handle/123456789/414653 | ISSN: | 13504851 | DOI: | 10.1080/13504851.2013.875099 |
| Appears in Collections: | 財務金融學系 |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.