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        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms

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        Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms

        ABSTRACT

        This paper examines the role of firms' government connections, defined by government intervention in the appointments of Chief Executive Officers and the status of state ownership, in determining the severity of financial constraints faced by Chinese firms In line with the previous literature, the paper demonstrates that investment by non-state firms is highly sensitive to internal cash flows, while no such sensitivity is found for government-owned enterprises Even within the subset of non-state firms, government connections are associated with substantiy less severe financial constraints (less reliance on internal cash flows to fund investment).

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        • TypeReport, Research Paper
        • PriceFree
        • FormatPDF
        • Size0 Bytes
        • LanguageEnglish
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        • Postedalmost 4 years ago
        • Authored-
        • Added byHashdoc Content Review
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