Corporate Political Social Capital, Financing Constraints and Firm Performance

DOI

10.2991/978-94-6463-770-0_55How to use a DOI?

Keywords

social capital; government relations; financing constraints; performance

Abstract

In China, the government has a significant impact on enterprise development, and how to help enterprise development with corporate political social capital is crucial for enterprises. This paper empirically investigates the relationship between corporate political social capital, financing constraints and corporate performance with a sample of Chinese A-share listed companies from 2018 - 2023. It is found that (1) corporate political social capital positively affects performance; (2) financing constraints play a partial mediating role in this influence path.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Lijun Huang
PY  - 2025
DA  - 2025/06/26
TI  - Corporate Political Social Capital, Financing Constraints and Firm Performance
BT  - Proceedings of the 2025 3rd International Conference on Digital Economy and Management Science (CDEMS 2025)
PB  - Atlantis Press
SP  - 493
EP  - 500
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-770-0_55
DO  - 10.2991/978-94-6463-770-0_55
ID  - Huang2025
ER  -