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Corporate Political Social Capital, Financing Constraints and Firm Performance

In: Proceedings of the 2025 3rd International Conference on Digital Economy and Management Science (CDEMS 2025)

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  • Lijun Huang

    (Sichuan Agricultural University)

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.

Suggested Citation

  • Lijun Huang, 2025. "Corporate Political Social Capital, Financing Constraints and Firm Performance," Advances in Economics, Business and Management Research, in: Wenke Zang & Chunping Xia (ed.), Proceedings of the 2025 3rd International Conference on Digital Economy and Management Science (CDEMS 2025), pages 493-500, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-770-0_55
    DOI: 10.2991/978-94-6463-770-0_55
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