政治联系与公司价值——基于对万向集团的研究(英文)

通过对很多公司调查研究,我们发现私企的政治联系可以增加公司价值。本文通过对万向集团的研究,讨论公司高管的政治联系与公司价值的关系。

Political Connections and Firm Value--Evidence from Wanxiang Group

Using a survey conducted by previous researcher, we find political connections are prevalent among private firms and political connections can help private firms to obtain loans from banks or other state institutions. Further, in this paper, We use a specific private firm named Wanxlang Group as an example to discuss how the executtve with political background increases firm value.