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.
| Original language | English |
|---|---|
| Pages (from-to) | 1295-1302 |
| Number of pages | 8 |
| Journal | Applied Economics Letters |
| Volume | 33 |
| Issue number | 9 |
| Early online date | 7 Nov 2024 |
| DOIs | |
| Publication status | Published - 2026 |
Keywords
- CEO characteristics
- credit rating
- Party school
- political connection
- risk-taking
Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver