No abstract

This article discusses the impact of anti-corruption campaigns, political connections and information asymmetry on firm performance, and Shanghai and Shenzhen listed companies in mainland China are used as a sample from 2008 to 2018. This study finds that there is a negative relation between political connections and firm performance. Further, this article adds the discussion of anti-corruption clauses. The sample group with high information asymmetry has a positive performance. The research results of this paper contribute to corporate governance and management practices in emerging markets, that is, when managers are embedded in the interests of political relations due to imperfect markets, the potential costs and benefits of political connections need to be considered and taken into account.