Political connections and stock price crash risk: Evidence from China

Jin-hui Luo, Manning Gong, Yilong Lin and Qifeng Fang

Economics Letters, 2016, vol. 147, issue C, 90-92

Abstract: We examine how political connections may influence a firm’s crash risk in China. We find that politically connected firms have lower crash risk than their counterparts. Moreover, the effect of political connections varies according to their strength and types.

Keywords: China; Information environment; Political connections; Stock price crash risk (search for similar items in EconPapers)
JEL-codes: G3 P2 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (35)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:147:y:2016:i:c:p:90-92

DOI: 10.1016/j.econlet.2016.08.024

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