The rise of a network: Spillover of political patronage and cronyism to the private sector
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DOI: 10.1016/j.jfineco.2021.09.014
Abstract: Abstract We document that networks that gain access to political power and use it for patronage appointments also gain control over resource allocation in the private sector. Specifically, following a presidential election in Korea, the… read more here.
Keywords: network; patronage; private sector; government private ... See more keywords