مقاله انگلیسی رایگان در مورد تأثیر ارتباطات سیاسی بر عملکرد و ارزش شرکت ها – امرالد ۲۰۱۸

مقاله انگلیسی رایگان در مورد تأثیر ارتباطات سیاسی بر عملکرد و ارزش شرکت ها – امرالد ۲۰۱۸

 

مشخصات مقاله
ترجمه عنوان مقاله تأثیر ارتباطات سیاسی بر عملکرد و ارزش شرکت ها: شواهد شرکتهای تونس پس از انقلاب
عنوان انگلیسی مقاله The effect of political connections on companies’ performance and value: Evidence from Tunisian companies after the revolution
انتشار مقاله سال ۲۰۱۸
تعداد صفحات مقاله انگلیسی ۳۹ صفحه
هزینه دانلود مقاله انگلیسی رایگان میباشد.
پایگاه داده نشریه امرالد
نوع نگارش مقاله
مقاله پژوهشی (Research Article)
مقاله بیس این مقاله بیس میباشد
نمایه (index) Scopus – Master Journal List
نوع مقاله ISI
فرمت مقاله انگلیسی  PDF
شناسه ISSN ۲۰۴۲-۱۱۶۸
رشته های مرتبط مدیریت
گرایش های مرتبط مدیریت عملکرد، مدیریت مالی، مدیریت کسب و کار
نوع ارائه مقاله
ژورنال
مجله مجله حسابداری در اقتصادهای نوظهور – Journal of Accounting in Emerging Economies
دانشگاه School of Administrative Sciences, TELUQ University of Quebec, Quebec, Canada
کلمات کلیدی ارتباطات سیاسی، عملکرد، ارزش بازار، تونس
کلمات کلیدی انگلیسی Political connections، Performance، Market value، Tunisia
شناسه دیجیتال – doi
https://doi.org/10.1108/JAEE-12-2016-0105
کد محصول E11218
وضعیت ترجمه مقاله  ترجمه آماده این مقاله موجود نمیباشد. میتوانید از طریق دکمه پایین سفارش دهید.
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فهرست مطالب مقاله:
Abstract

Introduction

Institutional framework

Literature synthesis

Theoretical background: political connections and companies’ performance and value

Methodology

Empirical results

Conclusion

References

بخشی از متن مقاله:

Abstract

Purpose: The purpose of this paper is to examine the effect of companies’ political connections (PCs) on their financial and stock performance, as well as on their market values.
Design/methodology/approach A sample of non-financial companies listed on the Tunis Stock Exchange (TSE) between 2012 and 2014 was used. The accounting and financial data of these companies were obtained from their financial statements, whereas data on PCs of their officers and directors were collected manually from various sources. Correlation and multivariate regression analyses were performed to test the hypothesis of this research.
Findings: The results showed that PCs improve companies’ performance and value. These results could be explained, on the one hand, by the benefits and favors that companies can get from their political ties and, on the other hand, by investors’ tendency to invest in politically connected companies to benefit from these advantages.

Introduction

In many countries, politicians are famous entrepreneurs and wealthy businessmen[1]. This interaction between politics and business has been explained by the benefits generated for both politicians and businesses. According to Brogaard et al. (2015), the existence of a political power in the company helps its officers and directors have an impact on laws and regulations and gives them access to inside information, which enables them to anticipate economic changes and reduce uncertainty. On the other hand, the entry to the world of business allows politicians to receive financial support during periods of elections, essentially in the form of donations. The entry of several politicians into the business world (or several businessmen in the political arena) encouraged some researchers to study the impact of political connections on the quality of financial statements (Chaney et al., 2011), the financial analysts’ forecasts (Chen et al., 2010), the cost of equity (Boubakri et al., 2012a), the characteristics of corporate governance (You and Du, 2012), the social responsibility strategies (Lin et al., 2014), and financing decisions (Boubakri et al., 2012b).

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