WebMar 9, 2024 · This paper is an attempt to identify the gaps and contribute to the political connections and corporate governance literature by showing the political connection influences on audit committee... WebCheck out the new look and enjoy easier access to your favorite features
The Politics of Government Investment by Ran Duchin, Denis …
WebSep 7, 2024 · Using a large sample of privatized firms, we find that state ownership is significantly positively associated with the use of bank debt financing, suggesting that privatized firms benefit from the soft budget constraint associated with state ownership. WebNov 1, 2005 · Such preferential treatment occurs exclusively in government banks—private banks provide no political favors. Using firm fixed effects and exploiting variation for the same firm across lenders or over time allows for cleaner identification of the political … strcutral engineering jobs near me
Do Lenders Favor Politically Connected Firms? - NBER
WebMay 30, 2024 · Do Lenders Favor Politically Connected Firms? Rent Provision in an Emerging Financial Market Atif R. Mian, A. Khwaja Economics 2004 Corruption by the politically connected is often blamed for economic ills, particularly in less developed economies. Using a loan-level data set of more than 90,000 firms that represents the … WebJan 29, 2024 · Using the strategy developed by Mian and Khwaja’s (2005) computation of economy-wide costs of political connections using minimum and maximum bounds, I estimate that the selection reform is able to prevent land expropriations worth 0.07 to 0.3% of GDP every year. WebJan 18, 2024 · It could also be that connected firms receive privileges mostly in sectors that are rent-filled and have low growth potential. It is also possible that since PCFs are likely to have more access to capital, they are more likely to produce in more capital-intensive ways. strc venture shock mounts