Feng, Xunan; Johansson, Anders C.; Zhang, Tianyu - In: Journal of Comparative Economics 42 (2014) 2, pp. 269-285
This paper examines the economic consequences of political participation by entrepreneurs in China. Using unique data … on political participation and initial public offerings by entrepreneurial firms, we find that firms controlled by … entrepreneurs who participate in politics exhibit superior post-IPO performance. We also find that firms characterized by political …