The Relationship Among Anti-Corruption Campaigns, Political Connections, and Information Asymmetry on Firm Performance

Evidence from China

DOI

10.2991/aebmr.k.210928.025How to use a DOI?

Keywords

anti-corruption campaigns, political connections, information asymmetry, firm performance, China

Abstract

This article discusses the impact of anti-corruption campaigns, political connections and information asymmetry on firm performance, and Shanghai and Shenzhen listed companies in mainland China are used as a sample from 2008 to 2018. This study finds that there is a negative relation between political connections and firm performance. Further, this article adds the discussion of anti-corruption clauses. The sample group with high information asymmetry has a positive performance. The research results of this paper contribute to corporate governance and management practices in emerging markets, that is, when managers are embedded in the interests of political relations due to imperfect markets, the potential costs and benefits of political connections need to be considered and taken into account.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Han-Fang Tsai
AU  - Tsui-Jung Lin
AU  - Lien-Wen Liang
AU  - Nur Imamah
PY  - 2021
DA  - 2021/09/30
TI  - The Relationship Among Anti-Corruption Campaigns, Political Connections, and Information Asymmetry on Firm Performance
BT  - Proceedings of the 3rd Annual International Conference on Public and Business Administration (AICoBPA 2020)
PB  - Atlantis Press
SP  - 120
EP  - 125
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210928.025
DO  - 10.2991/aebmr.k.210928.025
ID  - Tsai2021
ER  -