Ang, James S.; Ding, David K.; Thong, Tiong Yang - In: Asian Development Review 30 (2013) 2, pp. 131-166
We study the effect of political connection (PC) on company value in an environment where low PC is due to better institutions and not confounded by favorable social/cultural factors. We find that in Singapore, the only country that fits this description, PC in general adds little to the value...
