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- Title
Political connections and corporate diversification in emerging economies: Evidence from China.
- Authors
Li, Weiwen; He, Ai; Lan, Hailin; Yiu, Daphne
- Abstract
Drawing upon the resource-based view, this study examines how political connections affect corporate diversification in an emerging economy. Data from a sample of 1,280 Chinese public firms over 2002-2005 show a strong positive relationship between political connections and corporate diversification. We also find that the positive relationship between political connections and corporate diversification is moderated by the level of state ownership in firms and the level of regional institutional development. Theoretical and managerial implications are discussed.
- Subjects
CHINA; POLITICAL science; DIVERSIFICATION in industry; ECONOMIC research; RESOURCE-based theory of the firm; DATA analysis; GOVERNMENT ownership
- Publication
Asia Pacific Journal of Management, 2012, Vol 29, Issue 3, p799
- ISSN
0217-4561
- Publication type
Article
- DOI
10.1007/s10490-011-9265-5