Abstract The Chinese real estate bubble will have serious negative impacts on both economy and society.Apart from high cost and overheating demand,political connection may also be an important factor affecting real estate prices.Based on real estate prices decision model containing political connection and 2002-2012 real estate listed companies’ panel data,this paper examines the impact of political connections on real estate prices.This paper finds that political connections have positive impacts on corporate finance and the positive impacts have different forms in real estate firms of different ownership.Political connections have not only direct impacts on real estate prices,but also indirect impacts on real estate prices through land supply plan and fiscal and financial policies.
LIU Hui-Huang,LIU Yan-Guang. Political Connections and Real Estate Price——Evidences from Real Estate Listed Companies in China. Economic Survey, 2015, 31(4): 085.
2015, Vol. 31 
