This paper explores the role of political connection on the overinvestment of Chinese energy firms. We argue that political connection can act as a “helping hand” that enables energy firms to obtain more government support to invest and a “grabbing hand” that forces politically connected...

A critical strategy choice for a corporate governance is how to disclose corporate performance to satisfy its key stakeholders. Using data from 2009 to 2016 on the environmental information disclosure (EID), we document consistent evidence that if the government is a customer of the firm, the...

Operation management of firms in a highly regulated industry is vulnerable to political shocks. In this paper, we investigate the impacts of China’s anti-corruption campaign on firms’ operation and performance in the energy industry. Our theoretical model predicts that the campaign has...