Corporate investment inefficiency of Chinese firms: The roles of government subsidies, political connections and ESG performance

Wang, Xiaoqian (2024) Corporate investment inefficiency of Chinese firms: The roles of government subsidies, political connections and ESG performance. PhD thesis, Universiti Sains Malaysia.

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Abstract

This study aims to investigate the impact of government subsidies and political connections on corporate investment inefficiency in overinvestment and underinvestment scenarios, as well as the moderating role of ESG performance on the relationship between government subsidies, political connections and investment inefficiency in China, using an unbalanced panel dataset of 29,596 firm-year observation of Chinese listed firms for the period 2011-2021.

Item Type: Thesis (PhD)
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28-70 Management. Industrial Management
Divisions: Pusat Pengajian Pengurusan (School of Management) > Thesis
Depositing User: Mr Aizat Asmawi Abdul Rahim
Date Deposited: 07 Nov 2025 01:00
Last Modified: 07 Nov 2025 01:00
URI: http://eprints.usm.my/id/eprint/63193

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