Plausibly Exogenous [1214] - Political Connections (05/30/2023)

LHS Variable
M&A activities

RHS Variable
Political connections

Source of Exogenous Variation
29 recent high level anti-corruption cases in China as a natural experiment

- Liu, Luo, and Tian (2016), “Political connections with corrupt government bureaucrats and corporate M&A decisions: A natural experiment from the anti-corruption cases in China”