The role of communist party branch in employment protection: evidence from Chinese private firms

References

• Agrawal, A. K. 2012. “Corporate Governance Objectives of Labor Union Shareholders: Evidence from Proxy Voting.” The Review of Financial Studies 25 (1): 187–226. doi:10.1093/rfs/hhr081.
   Web of Science ®Google Scholar
• Allen, F., J. Qian, and M. Qian. 2005. “Law, Finance, and Economic Growth in China.” Journal of Financial Economics 77 (1): 57–116. doi:10.1016/j.jfineco.2004.06.010.
   Web of Science ®Google Scholar
• Alpert, W. T. 1982. “Unions and Private Wage Supplements.” Journal of Labor Research 3 (2): 179–199. doi:10.1007/BF02685182.
   Web of Science ®Google Scholar
• Barney, J. 1991. “Firm Resources and Sustained Competitive Advantage.” Journal of Management 17 (1): 99–120. doi:10.1177/014920639101700108.
   Web of Science ®Google Scholar
• Baron, R. M., and D. A. Kenny. 1986. “The Moderator–mediator Variable Distinction in Social Psychological Research: Conceptual, Strategic, and Statistical Considerations.” Journal of Personality and Social Psychology 51 (6): 1173. doi:10.1037/0022-3514.51.6.1173.
   PubMed Web of Science ®Google Scholar
• Bertrand, M., F. Kramarz, A. Schoar, and D. Thesmar. 2007. “Politicians, firms and the political business cycle: evidence from France.” Unpublished working paper, University of Chicago.
   Google Scholar
• Blair, D. H., and D. L. Crawford. 1992. “Labour Union Objectives and Collective Bargaining.” In Garonna P., Mori P., Tedeschi P. (eds) Economic Models of Trade Unions, 25–40. International Studies in Economic Modelling. Springer, Dordrecht.
   Google Scholar
• Boustanifar, H. 2014. “Finance and Employment: Evidence from US Banking Reforms.” Journal of Banking & Finance 46: 343–354. doi:10.1016/j.jbankfin.2014.06.006.
   Web of Science ®Google Scholar
• Chang, E. C., and S. M. L. Wong. 2004. “Political Control and Performance in China’s Listed Firms.” Journal of Comparative Economics 32 (4): 617–636. doi:10.1016/j.jce.2004.08.001.
   Web of Science ®Google Scholar
• Chyz, J. A., W. S. C. Leung, O. Z. Li, and O. M. Rui. 2013. “Labor Unions and Tax Aggressiveness.” Journal of Financial Economics 108 (3): 675–698. doi:10.1016/j.jfineco.2013.01.012.
   Web of Science ®Google Scholar
• Cohen, L., J. Coval, and C. Malloy. 2011. “Do Powerful Politicians Cause Corporate Downsizing?” Journal of Political Economy 119 (6): 1015–1060. doi:10.1086/664820.
   Web of Science ®Google Scholar
• Cole, S. 2009. “Fixing Market Failures or Fixing Elections? Agricultural Credit in India.” American Economic Journal Applied Economics 1 (1): 219–250.
   Web of Science ®Google Scholar
• Dong, Z., Z. Luo, and X. Wei. 2016. “Social Insurance with Chinese Characteristics: The Role of Communist Party in Private Firms.” China Economic Review 37: 40–51. doi:10.1016/j.chieco.2015.09.009.
   Web of Science ®Google Scholar
• Du, J., L. Yi, and Z. Tao. 2015. “Government Expropriation and Chinese-style Firm Diversification.” Journal of Comparative Economics 43 (1): 155–169. doi:10.1016/j.jce.2014.07.003.
   Web of Science ®Google Scholar
• Fama, E. F., and K. R. French. 2001. “Disappearing Dividends: Changing Firm Characteristics or Lower Propensity to Pay?” Journal of Financial Economics 60 (1): 3–43. doi:10.1016/S0304-405X(01)00038-1.
   Web of Science ®Google Scholar
• Fan, J. P. H., T. J. Wong, and T. Zhang. 2007. “Politically Connected CEOs, Corporate Governance, and Post-IPO Performance of China’s Newly Partially Privatized Firms.” Journal of Financial Economics 84 (2): 330–357. doi:10.1016/j.jfineco.2006.03.008.
   Web of Science ®Google Scholar
• Fernandes, A. P., and P. Ferreira. 2017. “Financing Constraints and Fixed-term Employment: Evidence from the 2008-9 Financial Crisis.” European Economic Review 92: 215–238. doi:10.1016/j.euroecorev.2016.12.009.
   Web of Science ®Google Scholar
• Fisman, R., and J. Svensson. 2007. “Are Corruption and Taxation Really Harmful to Growth? Firm Level Evidence.” Journal of Development Economics 83 (1): 63–75. doi:10.1016/j.jdeveco.2005.09.009.
   Web of Science ®Google Scholar
• Freeman, R. B., and J. L. Medoff. 1984. “What Do Unions Do.” Industrial & Laboratory Related Review 38: 244.
   Google Scholar
• Gao, Q., S. Yang, and L. Shi. 2017. “Social Insurance for Migrant Workers in China: Impact of the 2008 Labour Contract Law.” Economic and Political Studies 5 (3): 285–304. doi:10.1080/20954816.2017.1345157.
   Web of Science ®Google Scholar
• Ge, Y. 2014. “Do Chinese Unions Have “Real” Effects on Employee Compensation?” Contemporary Economic Policy 32 (1): 187–202. doi:10.1111/coep.12012.
   Web of Science ®Google Scholar
• Goldman, E., J. Rocholl, and S. Jongil. 2006. “Does Political Connectedness Affect Firm Value.” Review of Financial Studies 63: 265–286.
   Google Scholar
• Graham, J. R., C. R. Harvey, and M. Puri. 2013. “Managerial Attitudes and Corporate Actions.” Journal of Financial Economics 109 (1): 103–121. doi:10.1016/j.jfineco.2013.01.010.
   Web of Science ®Google Scholar
• Grennan, J. 2019. “Dividend Payments as a Response to Peer Influence.” Journal of Financial Economics 131 (3): 549–570. doi:10.1016/j.jfineco.2018.01.012.
   Web of Science ®Google Scholar
• Grossman, W. 2010. “The Influence of Board Monitoring, Executive Incentives, and Corporate Strategy on Employment Stability.” Employee Responsibilities and Rights Journal 22 (1): 45–64. doi:10.1007/s10672-009-9101-y.
   Google Scholar
• Hambrick, D. C., and P. A. Mason. 1984. “Upper Echelons: The Organization as a Reflection of Its Top Managers.” Academy of Management Review 9 (2): 193–206. doi:10.5465/amr.1984.4277628.
   Web of Science ®Google Scholar
• Hanka, G. 1998. “Debt and the Terms of Employment.” Journal of Financial Economics 48 (3): 245–282. doi:10.1016/S0304-405X(98)00012-9.
   Web of Science ®Google Scholar
• Heckman, J. J. 1979. “Sample Selection Bias as a Specification Error.” Econometrica: Journal of the Econometric Society 47 (1): 153–161. doi:10.2307/1912352.
   Web of Science ®Google Scholar
• Holland, S. B. 2017. “Firm Investment in Human Health Capital.” Journal of Corporate Finance 46: 374–390. doi:10.1016/j.jcorpfin.2017.08.003.
   Web of Science ®Google Scholar
• Hung, E. P. W., and S. W. K. Chiu. 2003. “The Lost Generation: Life Course Dynamics and Xiagang in China.” Modern China 29 (2): 204–236. doi:10.1177/0097700402250740.
   Web of Science ®Google Scholar
• Lei, Z., and J. B. Nugent. 2018. “Coordinating China’s Economic Growth Strategy via Its Government-controlled Association for Private Firms.” Journal of Comparative Economics 46 (4): 1273–1293. doi:10.1016/j.jce.2018.08.002.
   Web of Science ®Google Scholar
• Li, H., L. Meng, Q. Wang, and L.-A. Zhou. 2008. “Political Connections, Financing and Firm Performance: Evidence from Chinese Private Firms.” Journal of Development Economics 87 (2): 283–299. doi:10.1016/j.jdeveco.2007.03.001.
   Web of Science ®Google Scholar
• Li, H., and Y. Zhang. 2007. “The Role of Managers’ Political Networking and Functional Experience in New Venture Performance: Evidence from China’s Transition Economy.” Strategic Management Journal 28 (8): 791–804. doi:10.1002/smj.605.
   Web of Science ®Google Scholar
• Li, X., and K. C. Chan. 2016. “Communist Party Control and Stock Price Crash Risk: Evidence from China.” Economics Letters 141: 5–7. doi:10.1016/j.econlet.2016.01.018.
   Web of Science ®Google Scholar
• Li, X., K. C. Chan, and M. Haitao. 2020. “Communist Party Direct Control and Corporate Investment Efficiency: Evidence from China.” Asia-Pacific Journal of Accounting &, Economics27(2): 195–217. doi:10.1080/16081625.2018.1470541
   Web of Science ®Google Scholar
• Li, X., and R. B. Freeman. 2015. “How Does China’s New Labour Contract Law Affect Floating Workers?” British Journal of Industrial Relations 53 (4): 711–735. doi:10.1111/bjir.12056.
   Web of Science ®Google Scholar
• Liang, L.-X., and Y.-C. Feng. 2010. “Political Connection of Private Firm, Number of Employees and Labor Cost [J].” China Industrial Economics 10: 127–137.
   Google Scholar
• Lu, Y., Z. Tao, and Y. Wang. 2010. “Union Effects on Performance and Employment Relations: Evidence from China.” China Economic Review 21 (1): 202–210. doi:10.1016/j.chieco.2010.01.001.
   Web of Science ®Google Scholar
• Lux, S., T. Russell Crook, and T. Leap. 2012. “Corporate Political Activity: The Good, the Bad, and the Ugly.” Business Horizons 55 (3): 307–312. doi:10.1016/j.bushor.2012.01.008.
   Web of Science ®Google Scholar
• Meyer, J. W., and B. Rowan. 1977. “Institutionalized Organizations: Formal Structure as Myth and Ceremony.” American Journal of Sociology 83 (2): 340–363. doi:10.1086/226550.
   Web of Science ®Google Scholar
• Opper, S., S. M. L. Wong, and H. Ruyin. 2002. “Party Power, Market and Private Power: Chinese Communist Party Persistence in China’s Listed Companies.” Research in Social Stratification and Mobility 19: 105–138. doi:10.1016/S0276-5624(02)80039-7.
   Google Scholar
• Patelli, L., and M. Pedrini. 2015. “Is Tone at the Top Associated with Financial Reporting Aggressiveness?” Journal of Business Ethics 126 (1): 3–19. doi:10.1007/s10551-013-1994-6.
   Web of Science ®Google Scholar
• Peng, M. W., and Y. Luo. 2000. “Managerial Ties and Firm Performance in a Transition Economy: The Nature of a Micro-macro Link.” Academy of Management Journal 43 (3): 486–501.
   Web of Science ®Google Scholar
• Raynard, M., M. Lounsbury, and R. Greenwood. 2013. “Legacies of Logics: Sources of Community Variation in CSR Implementation in China.” Research in the Sociology of Organizations 39: 243–276.
   Google Scholar
• Sapkal, R. S. 2016. “Labour Law, Enforcement and the Rise of Temporary Contract Workers: Empirical Evidence from India’s Organised Manufacturing Sector.” European Journal of Law and Economics 42 (1): 157–182. doi:10.1007/s10657-015-9514-z.
   Web of Science ®Google Scholar
• Solinger, D. J. 2002. “Labour Market Reform and the Plight of the Laid-off Proletariat.” The China Quarterly 170: 304–326. doi:10.1017/S0009443902000207.
   Google Scholar
• Tong, L., N. Liu, M. Zhang, and L. Wang. 2018. “Employee Protection and Corporate Innovation: Empirical Evidence from China.” Journal of Business Ethics 153 (2): 569–589. doi:10.1007/s10551-016-3412-3.
   Web of Science ®Google Scholar
• Wang, D., D. Fei, and C. Marquis. 2019. “Defending Mao’s Dream: How Politicians’ Ideological Imprinting Affects Firms’ Political Appointment in China.” Academy of Management Journal 62 (4): 1111–1136. doi:10.5465/amj.2016.1198.
   Web of Science ®Google Scholar
• Wang, D., and X. R. Luo. 2019. “Retire in Peace: Officials’ Political Incentives and Corporate Diversification in China.” Administrative Science Quarterly 64 (4): 773–809. doi:10.1177/0001839218786263.
   Web of Science ®Google Scholar
• Weil, D. 1991. “Enforcing OSHA: The Role of Labor Unions.” Industrial Relations: A Journal of Economy and Society 30 (1): 20–36.
   Web of Science ®Google Scholar
• Wu, W., S. A. Johan, and O. M. Rui. 2016. “Institutional Investors, Political Connections, and the Incidence of Regulatory Enforcement against Corporate Fraud.” Journal of Business Ethics 134 (4): 709–726.
   Web of Science ®Google Scholar
• Yao, Y., and N. Zhong. 2013. “Unions and Workers’ Welfare in Chinese Firms.” Journal of Labor Economics 31 (3): 633–667. doi:10.1086/669819.
   Web of Science ®Google Scholar