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Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2019.1634613

Political association, managerial power heterogeneity, and corporate risk-taking in China

Bin-Feng Chai ; School of Accounting, Zhejiang Gongshang University, Hangzhou, China
Sultan Sikandar Mirza ; International Business School, Zhejiang Gongshang University, Hangzhou, China

Puni tekst: engleski, pdf (2 MB) str. 1373-1393 preuzimanja: 54* citiraj
APA 6th Edition
Chai, B. i Sikandar Mirza, S. (2019). Political association, managerial power heterogeneity, and corporate risk-taking in China. Economic research - Ekonomska istraživanja, 32 (1), 1373-1393. https://doi.org/10.1080/1331677X.2019.1634613
MLA 8th Edition
Chai, Bin-Feng i Sultan Sikandar Mirza. "Political association, managerial power heterogeneity, and corporate risk-taking in China." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 1373-1393. https://doi.org/10.1080/1331677X.2019.1634613. Citirano 29.03.2020.
Chicago 17th Edition
Chai, Bin-Feng i Sultan Sikandar Mirza. "Political association, managerial power heterogeneity, and corporate risk-taking in China." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 1373-1393. https://doi.org/10.1080/1331677X.2019.1634613
Harvard
Chai, B., i Sikandar Mirza, S. (2019). 'Political association, managerial power heterogeneity, and corporate risk-taking in China', Economic research - Ekonomska istraživanja, 32(1), str. 1373-1393. https://doi.org/10.1080/1331677X.2019.1634613
Vancouver
Chai B, Sikandar Mirza S. Political association, managerial power heterogeneity, and corporate risk-taking in China. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 29.03.2020.];32(1):1373-1393. https://doi.org/10.1080/1331677X.2019.1634613
IEEE
B. Chai i S. Sikandar Mirza, "Political association, managerial power heterogeneity, and corporate risk-taking in China", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 1373-1393, 2019. [Online]. https://doi.org/10.1080/1331677X.2019.1634613

Sažetak
This article investigates the impact of political association and managerial power heterogeneity on corporate risk-taking using data of listed companies in China from 2006 to 2015. Politically associated companies demonstrate higher corporate risk-taking, and the impact of managerial power thereon depends on the source thereof. Structurally speaking, board of directors’ supervision, and shareholders’supervision power are positively associated with corporate risk-taking, but ownership, expert, and prestige power are negatively associated. Political association weakens the influence of structural and prestige power on corporate risk-taking and strengthens the impact of ownership and expert power thereon. The article adds to the literature on political association, managerial power, and corporate risk-taking.

Ključne riječi
political association; management power; risk-taking; panel data; China

Hrčak ID: 228806

URI
https://hrcak.srce.hr/228806

Posjeta: 88 *