The Effect of Independent Directors' Political Connection on Bank Credit

Abstract

Abstract:

Using the A-share listed companies during the period of 2010-2012 as sample, we analyze and test the effect of independent directors' political connection on bank credit and the moderating role of the nature of property rights and senior managers' political con-nection on the relationship between independent directors' political connection and bank credit. The results show that political connection of independent directors is significantly positively associated with bank credit. Furthermore, the credit effect is affected by the nature of state-owned property and senior managers' political connection. Specifically, the nature of state-owned property weakens the credit effect of independent directors' political connection, and senior managers' political connection strengthens the effect. Moreover, the nature of state-owned property weakens the role of senior managers' political connection on the credit effect of political connection of independent directors.

Key words: independent directors, political connection, nature of property rights, bank credit

Huang Jun, Wei Sha. The Effect of Independent Directors' Political Connection on Bank Credit[J]. , 2016, 28(11): 182-190.

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