Differences between Politically Connected and Non-Connected Firms : A Cross Country Analysis

Evidence from firms in 47 countries shows that companies with political connections have higher leverage and higher market shares, but they underperform compared to non-connected companies on an accounting basis. Differences between connected and unconnected firms are more pronounced when political links are stronger. Differences also vary depending on the level of corruption and the degree of economic development in individual countries

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Year of publication:	[2009]
Authors:	Faccio, Mara
Publisher:	[2009]: [S.l.] : SSRN

Extent:	1 Online-Ressource (35 p)
Type of publication:	Book / Working Paper
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 3, 2009 erstellt
Other identifiers:	10.2139/ssrn.918244 [DOI]
Classification:	D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior ; F39 - International Finance. Other ; G28 - Government Policy and Regulation ; G3 - Corporate Finance and Governance
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012721566