|
|
|
| An Empirical Study on Market Development, Enterpriser Political Characteristic and
Political Connection of Chinese Private Enterprises
|
| DENG Jian-Ping, RAO Miao, ZENG Yong |
| 1. Xiamen National Accounting Institute, Xiamen, Fujian,China; 2. Xiamen University, Xiamen, Fujian,China; 3. University of Electronic Science and Technology of China, Chengdu, China |
|
|
|
|
Abstract This paper analyzes Chinese private enterprises incentive of establishing political connection from the aspects of institutional background and the enterprisers’ political characteristics. Empirical study finds that institutional background like the process of China’s market transition greatly affects the establishment of private enterprises’ political connection. In a less developed market with less legal protection, a high government interference degree and a poor nonstate economy will lead to a high degree of political connection of private enterprises. Meanwhile, research also finds that enterprises owned by enterprisers of political connection type have a higher degree of political connection.
|
|
Received: 20 December 2010
|
|
|
|
|
|
|
2012, Vol. 9 
