Political connections affected the firm value of Chinese energy companies

摘要

The firm value of energy companies was affected by many factors, such as the shareholders, cash flow, and government relationship. This paper investigated the influence of the political connections on the firm value of energy companies in China. The affect of political connections on the effectiveness of firm value was analyzed by using the empirical data. The results show that political connections are key factors and have positive influence on the firm value of energy companies in China