This paper investigates the impacts of four distinct types of political connection on financial reporting quality (FRQ) using a unique sample of Malaysian listed firms during 2002–2016. Using a battery of regression techniques, we show that political connections associate with lower FRQ only in firms connected to the government through government-linked investments and politically connected directors. However, the impact is absent in firms connected via personal relationships such as family members of the leading politicians and crony capitalists. We suggest that corporate FRQ varies across different categories of political connection and support the resource dependence theory.

中文翻译：

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不同的政治关系对财务报告质量的影响是否不同？来自马来西亚的证据

本文使用 2002-2016 年马来西亚上市公司的独特样本，调查了四种不同类型的政治联系对财务报告质量 (FRQ) 的影响。使用一系列回归技术，我们表明，仅在通过政府相关投资和政治相关董事与政府相关的公司中，政治联系与较低的 FRQ 相关。然而，这种影响在通过私人关系联系起来的公司中不存在，例如主要政治家的家庭成员和裙带资本家。我们建议企业FRQ在不同类别的政治联系中有所不同，并支持资源依赖理论。