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  1.  19
    Political Connection, Ownership Structure, and Corporate Philanthropy in China: A Strategic-Political Perspective.Huiying Wu, Xianzhong Song & Sihai Li - 2015 - Journal of Business Ethics 129 (2):399-411.
    This paper investigates whether philanthropic giving decisions and amount of charitable giving are related to firms’ political connections and ownership type. To this end, Chinese firms listed on either the Shenzhen or Shanghai stock exchange between 2004 and 2011 are examined, where government interference in the business sector is prevalent, state ownership structure is dominant, and corporate political connections prevail. Our analyses show a significant and positive relationship between political connections and the likelihood and extent of firm contributions; a significant (...)
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  2.  17
    Principal–Principal Conflicts and Corporate Philanthropy: Evidence From Chinese Private Firms.Sihai Li, Huiying Wu & Xianzhong Song - 2017 - Journal of Business Ethics 141 (3):605-620.
    The principal–principal perspective suggests that controlling shareholders have excessive influence on corporate philanthropy and may direct corporate funds to charitable causes to support their personal interests. Analysis of a sample of Chinese private firms listed on the Shenzhen or Shanghai stock exchange between 2004 and 2011 shows that there is a significant and negative relationship between corporate giving and the share held by the largest shareholders, suggesting that controlling shareholders are opportunistic in directing corporate charitable contributions; there is a significant (...)
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  3.  8
    Political Connections and Firm Value in China: An Event Study.Feng Liu, Hui Lin & Huiying Wu - 2018 - Journal of Business Ethics 152 (2):551-571.
    On 19 October 2013, the Chinese government issued the Opinions on Further Regulation on Party and Political Leaders and Cadres Working Part-Time in Enterprises, also known as the 18th Decree, to regulate government officials’ employment with businesses. The 18th Decree is widely perceived as having had a significant impact on the use of independent directors with political backgrounds by firms, given the prevalence of this business practice. This paper examines the market reaction to the 18th Decree to ascertain the value (...)
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