2021
DOI: 10.1080/23322373.2021.1944714
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Managerial ties and access to finance in weak institutional contexts: Does CEO duality matter?

Abstract: Though managerial ties are substitutes for the weak marketsupporting institutions in developing and emerging countries, little is known about the contingent value of these ties in credit markets. In this study, we disintegrate managerial ties into political and financial ties, and examine their effect on access to finance. Using agency theory, we propose that political and financial ties reduce information asymmetry between firms, politicians and banks, culminating in increased access to bank loans for firms. … Show more

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Cited by 4 publications
(4 citation statements)
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References 194 publications
(263 reference statements)
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“…, 2021), access to finance (Fengyan et al. , 2022; Liedong and Rajwani, 2022), corporate proactive environmental strategies (Yan et al. , 2021), organizational improvisation (Yeniaras et al.…”
Section: Results and Data Synthesismentioning
confidence: 99%
See 1 more Smart Citation
“…, 2021), access to finance (Fengyan et al. , 2022; Liedong and Rajwani, 2022), corporate proactive environmental strategies (Yan et al. , 2021), organizational improvisation (Yeniaras et al.…”
Section: Results and Data Synthesismentioning
confidence: 99%
“…Other outcomes: these focus on the impact of political ties on various outcomes such as corporate governance (Liedong and Rajwani, 2018), entrepreneurial investment (Zhou, 2013), opportunity discovery (Guo et al, 2020), supply chain integration (Chen et al, 2018a, b), partner and network resource acquisition (Jiang et al, 2018;Luo et al, 2020), international expansion (Wu et al, 2021), firm internationalization (Lebedev et al, 2021), access to finance (Fengyan et al, 2022;Liedong and Rajwani, 2022), corporate proactive environmental strategies (Yan et al, 2021), organizational improvisation (Yeniaras et al, 2021), exit intention (Zhang et al, 2021), organizational agility (Zhang et al, 2022), strategic competitive actions; and alliance portfolio performance (Bi et al, 2022). This review shows that firm outcomes other than performance have received limited attention and require further consideration.…”
Section: Political Ties: An Integrative Frameworkmentioning
confidence: 99%
“…With realities of competition amongst manufacturing firms, financial performance is important to translate firms into successful performers [32], [40], [42], [43], [55], [60]. Accordingly, scholars and management continuously look for viable strategies to sustain their profits.…”
Section: Literature and Hypothesismentioning
confidence: 99%
“…With realities of competition amongst manufacturing rms, nancial performance is important to translate rms into successful performers (Liedong and Rajwani, 2021, Ode-Ichakpa et al, 2020, Pandya, 2017, Patil, 2010, Stede et al, 2006, Warburton and Stratton, 2005. Accordingly, scholars and management continuously look for viable strategies to sustain their pro ts.…”
Section: Literature and Hypothesismentioning
confidence: 99%