Politicians and the IPO decision: The impact of impending political promotions on IPO activity in China

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Anti-Corruption Reforms and Shareholder Valuations: Event Study Evidence from China (2016, unknown): “IPO) (Cull and Xu, 2003, Allen et al., 2005; Firth et al., 2008; Piotroski and Zhang, 2014) and official licenses to enter new lines of business.”
Risks in China's Financial System (2018, unknown): “There is also extensive evidence showing that political connections affect IPO selection and IPO returns, e.g., Fan, Wong, and Zhang (2007), Piotroski and Zhang (2014).”
Political promotion and labor investment efficiency (2018, methodology): “To test the above hypothesis, we manually retrieve the turnover of local government officials at city level and define a dummy variable, Promotion, to identify years with the highest incentives of promotion for the local politician (Bo (1996); Li and Zhou (2005); Piotroski, Wong, and Zhang (2015); P”
Political uncertainty and cash holdings: Evidence from China (2016, background): “…that political connections are critical for a firm to benefit from favorable decisions in corporate litigation (Firth et al., 2011), the approval and promotion of initial public offerings (Liu et al., 2013; Piotroski and Zhang, 2014), and family firm success (Xu et al., 2015), among other things.”
Corporate Governance Research on Listed Firms in China: Institutions, Governance and Accountability (2016, background): “Piotroski and Zhang [2014] demonstrate that the impending promotion of a”