Executives Political Connection and Overinvestment in New Energy Companies : Empirical Evidence from China ' s Capital Market

@inproceedings{Wang2017ExecutivesPC,
  title={Executives Political Connection and Overinvestment in New Energy Companies : Empirical Evidence from China ' s Capital Market},
  author={Zhenyi Wang and Hanhan Tang and Shaohong Wu},
  year={2017}
}
Establishing links between business and government is a common phenomenon in the world. Using data of new energy companies listed in Shenzhen and Shanghai Stock Exchange,the paper examines the relationship between political connection and firms’ over-investment. We find that executives political connection is a significant promotion of firms’ over… CONTINUE READING