Beyond Profitability: Coalition Dynamics and the Allocation of Corporate Resources in Chinese Firms (IMAGE)

Waseda University

Beyond Profitability: Coalition Dynamics and the Allocation of Corporate Resources in Chinese Firms

Caption

Based on data from over 2,000 Chinese firms (2008–2013), this study finds that once profitability targets are met, firms allocate resources according to the influence of dominant board coalitions. Board members with finance backgrounds tend to favor shareholder payouts, while those with government ties promote social welfare initiatives

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Professor Toru Yoshikawa from Waseda University, Japan

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