Political connections with corrupt government bureaucrats and corporate M&A decisions: A natural experiment from the anti-corruption cases in China
Using 29 recent high level anti-corruption cases in China as a natural experiment, we examine the patterns in merger and acquisition (M&A) decisions and performance in Chinese non-state owned enterprises (non-SOEs) before and after the exogenous severing of political connections. We identify a s...
| Main Authors: | , , |
|---|---|
| Format: | Journal Article |
| Published: |
Elsevier BV
2016
|
| Online Access: | http://hdl.handle.net/20.500.11937/38352 |