companies will have a dependency on these resources, M. W. Peng &Y. Lou, Managerial Ties and Firm Performance in a Transition Economy: The Nature of a MicroMacro Link, Academy of Management Journal Economics , Vol. 67, No.2, 2003, pp351382 . 1 2 S. John &T. Mitton, Cronyism and Capital Control: Evidence from Malaysia, Journal of Financial Economics , Vol. 67, No. 2, 2003, pp. 351382. Lan3 and may establish a political and government relationships to get more resources. Therefore, political relationships also constitute a resource…
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