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Google圖書搜尋
In the Shadows of the Government
Hanming Fang
Zhe Li
Nianhang Xu
Hongjun Yan
其他書名
Relationship Building During Political Turnovers
出版
National Bureau of Economic Research
, 2018
URL
http://books.google.com.hk/books?id=mKCH0AEACAAJ&hl=&source=gbs_api
註釋
We document that following a turnover of the Party Secretary or mayor of a city in China, firms (especially private firms) headquartered in that city significantly increase their "perk spending." Both the instrumental-variable-based results and heterogeneity analysis are consistent with the interpretation that the perk spending is used to build relations with local governments. Moreover, local political turnover in a city tends to be followed by changes of Chairmen or CEOs of state-owned firms that are controlled by the local government. However, the Chairmen or CEOs who have connections with local government officials are less likely to be replaced.
