| ID | 146511 |
| Title Proper | Beyond local protectionism |
| Other Title Information | China's state–business relations in the last two decades |
| Language | ENG |
| Author | Wang, Yuhua |
| Summary / Abstract (Note) | This article presents a large-scale, systematic study of politically connected firms in China. It was conducted by compiling a database of all the publicly traded firms in China in 1993, 2002 and 2012 that codes the biographies of hundreds of thousands of board members. I find that there has been a significant increase in the percentage of firms that are connected with the national government in the last 20 years. This casts doubt on a popular argument that businesses in China have primarily relied on “local protectionism.” I interpret this as a result of firms' need to connect with powerful and stable institutions. I test this by examining the impact of the fall of Chen Liangyu on firms in Shanghai. |
| `In' analytical Note | China Quarterly , No.226; Jun 2016: p.319-341 |
| Journal Source | China Quarterly No 226 |
| Key Words | China ; Corruption ; Event Study ; Local Protectionism ; Political Connections ; Central–Local Relations |