Party school CEO and credit ratings:evidence from Chinese state-owned-enterprises

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He, Xudong, Yang, Yusheng, Fu, Servanna Mianjun and Xu, Cheng (2024) Party school CEO and credit ratings:evidence from Chinese state-owned-enterprises. Applied Economics Letters. ISSN 1350-4851

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Abstract

This paper examines whether credit rating agencies consider CEOs with Party school education as a risk factor in credit assessments using Chinese SOEs data from 2006 to 2020. Our findings suggest Party school CEOs are associated with higher credit ratings and exhibit lower risk-taking, resulting in less volatile performance. This research offers initial evidence on the benefits and costs of hiring politically connected CEOs, specifically Party school-educated ones.

Item Type:	Article
Additional Information:	Publisher Copyright: © 2024 Informa UK Limited, trading as Taylor & Francis Group.
Uncontrolled Keywords:	ceo characteristics,credit rating,party school,political connection,risk-taking,economics and econometrics ,/dk/atira/pure/subjectarea/asjc/2000/2002
Faculty \ School:	Faculty of Social Sciences > Norwich Business School
Related URLs:	http://www.scopus.com/inward/record.url?...
Depositing User:	LivePure Connector
Date Deposited:	20 Mar 2025 15:30
Last Modified:	28 Mar 2025 13:11
URI:	https://ueaeprints.uea.ac.uk/id/eprint/98839
DOI:	10.1080/13504851.2024.2425398

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