Politically connected firms: Can they squeeze the state? Mara Faccio * For a sample of 42 countries, I examine firms with controlling shareholders and top managers who are members of national parliaments or governments. I find this overlap to be uite q widespread. Connected companies enjoyeasy access to debt financing, low taxation, and higher. Mar 01,  · Politically Connected Firms by Mara Faccio. Published in volume 96, issue 1, pages of American Economic Review, March , Abstract: Examination of firms in 47 countries shows a widespread overlap of controlling shareholders and top officers who are connected with national parliaments or go. Oct 15,  · Examination of firms in 47 countries shows a widespread overlap of controlling shareholders and top officers who are connected with national parliaments or governments, particularly in countries with higher levels of corruption, with barriers to Cited by:

Politically connected firms pdf

Using a long-term event study covering a sample of politically connected firms headquartered in 12 developed and 11 developing countries over the period to , we find that firms. VOL. 96 NO. 1 FACCIO: POLITICALLY CONNECTED FIRMS TABLE 1—CLASSIFICATION OF CONNECTIONS BY TYPE Connections through Connections through large shareholder top officer Total (%) Connections with MPs 45 Connections with ministers 64 30 94 Closely related firms 14 Of which: Cases of friendship 10 1 11 Former. Mar 01,  · Politically Connected Firms by Mara Faccio. Published in volume 96, issue 1, pages of American Economic Review, March , Abstract: Examination of firms in 47 countries shows a widespread overlap of controlling shareholders and top officers who are connected with national parliaments or go. Politically connected firms: Can they squeeze the state? Mara Faccio * For a sample of 42 countries, I examine firms with controlling shareholders and top managers who are members of national parliaments or governments. I find this overlap to be uite q widespread. Connected companies enjoyeasy access to debt financing, low taxation, and higher. Request PDF on ResearchGate | Politically Connected Firms | Examination of firms in 47 countries shows a widespread overlap of controlling shareholders and top officers who are connected with.Politically Connected Firms by Mara Faccio. Download Full Text PDF Examination of firms in 47 countries shows a widespread overlap of controlling. such a gift exchange between government and politically connected firms can that building up a network of politically connected firms acts as a substitute for. The Model for Political Connection and Firm Performance . 78 . three types of political connection have a positive impact on firm performance. For a sample of 42 countries, I examine firms whose controlling shareholders and top managers are Download This Paper Open PDF in Browser Even though these connections provide significant benefits, connected firms under-perform. firms operate in countries with higher degrees of corruption, .. All these companies, therefore, are defined as politically connected (with a .. (, appendix available at www.boydhydronics.com).

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