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Article: Friends with Benefits: How Political Connections Help to Sustain Private Enterprise Growth in China
| Title | Friends with Benefits: How Political Connections Help to Sustain Private Enterprise Growth in China |
|---|---|
| Authors | |
| Issue Date | 2018 |
| Publisher | Blackwell Publishing Ltd. |
| Citation | Economica, 2018, v. 85 n. 337, p. 41-74 How to Cite? |
| Abstract | © 2016 The London School of Economics and Political Science. By analysing data from a survey of 511 Chinese private enterprises, we find that their owners respond to government discrimination by developing political connections with government officials. A one-standard-deviation increase in the insecurity of property rights has the effect of increasing the number of 'friends' in the government by a substantial 22%. These 'friends' significantly help to mitigate by half the negative effect arising from the difficulties of obtaining land and excessive regulations on enterprise growth. This explains why an institutional environment of weak property rights has not stopped private enterprises in China from developing rapidly. Economica |
| Persistent Identifier | http://hdl.handle.net/10722/242681 |
| ISSN | 2021 Impact Factor: 1.530 2020 SCImago Journal Rankings: 1.532 |
| ISI Accession Number ID |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Kung, James Kai Sing | - |
| dc.contributor.author | Ma, Chicheng | - |
| dc.date.accessioned | 2017-08-10T10:51:18Z | - |
| dc.date.available | 2017-08-10T10:51:18Z | - |
| dc.date.issued | 2018 | - |
| dc.identifier.citation | Economica, 2018, v. 85 n. 337, p. 41-74 | - |
| dc.identifier.issn | 0013-0427 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/242681 | - |
| dc.description.abstract | © 2016 The London School of Economics and Political Science. By analysing data from a survey of 511 Chinese private enterprises, we find that their owners respond to government discrimination by developing political connections with government officials. A one-standard-deviation increase in the insecurity of property rights has the effect of increasing the number of 'friends' in the government by a substantial 22%. These 'friends' significantly help to mitigate by half the negative effect arising from the difficulties of obtaining land and excessive regulations on enterprise growth. This explains why an institutional environment of weak property rights has not stopped private enterprises in China from developing rapidly. Economica | - |
| dc.language | eng | - |
| dc.publisher | Blackwell Publishing Ltd. | - |
| dc.relation.ispartof | Economica | - |
| dc.title | Friends with Benefits: How Political Connections Help to Sustain Private Enterprise Growth in China | - |
| dc.type | Article | - |
| dc.description.nature | link_to_subscribed_fulltext | - |
| dc.identifier.doi | 10.1111/ecca.12212 | - |
| dc.identifier.scopus | eid_2-s2.0-84996551402 | - |
| dc.identifier.hkuros | 317892 | - |
| dc.identifier.spage | 41 | - |
| dc.identifier.epage | 74 | - |
| dc.identifier.eissn | 1468-0335 | - |
| dc.identifier.isi | WOS:000417267600002 | - |
| dc.identifier.issnl | 0013-0427 | - |