Why State Power Pivotal to Economic Growth? A Review of Firms’ Performance in Dynamic Economies
DOI:
https://doi.org/10.54097/84ya4m18Keywords:
Macro-Environment, State-owned Capital, Managers with Connections, Corporate Performance.Abstract
Market regulations, governmental capital, and politically connected managerial teams are incrementally functioned, together with private-owned capital flows perennially. This paper reviews how macro-environment determinants, state-owned capital, as well as managers with connections affecting corporate performance in dynamic economies, such as China, Malaysia, and Nigeria. The findings clearly indicate that firms with politically connected manager and state-owned capital outperform in China, with higher IPO approvals, governing roles as informal structure, and tax benefits. The research has also shown that stability lays a foundation for businesses to strive.
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