The Relationship Between Cross-listing and Political Connection On Corporate Risk Taking - Evidence From China
| Autor: | Lin-Hua Yang, 楊林樺 |
|---|---|
| Rok vydání: | 2018 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 106 This paper mainly explores the impact of cross-listing and political connections on corporate risk taking. Based on the sample of Chinese listed companies from 2008 to 2015 to analyze and discusses. The article start with obtaining ability of resources by company to explore the impact of the cross-listing and political connection on corporate risk taking. This paper presents three hypotheses by literature review. Hypothesis 1 is the impact of cross-listing on corporate risk taking. Hypothesis 2 is the impact of political connections on corporate risk taking. Hypothesis 3 explores whether political connections can moderate the relationship between cross-listing and risk taking. The study found that when the company go to cross-listing, the funds and supervision will be powerful and lead firms to limit the ability of corporate risk-taking. Second, we found that firms with political connections increase the firms risk taking. Finally, When the impact of the political connections is taken into consideration in the relationship between cross listing and the risk takings, we found that political connections can’t increase the risk taking for cross- listings firms. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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