Do political connections affect bank leverage? Evidence from some Middle Eastern and North African countries
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Management and Governance"
DOI: 10.1007/s10997-019-09478-w
Abstract: This study examines the association between political patronage and banks' financing decision in a sample of 34 commercial banks operating in Middle East and North Africa region for the period 2003-2014. Linear and nonlinear Panel… read more here.
Keywords: bank; bank leverage; leverage; political connections ... See more keywords
Political connections, political favoritism and political competition: evidence from the granting of building permits by French mayors
Sign Up to like & getrecommendations! Published in 2019 at "Public Choice"
DOI: 10.1007/s11127-019-00718-z
Abstract: This article discusses the influence of political connections on public policies implemented at the local level. Using a sample of more than 189,000 local politicians in French cities with more than 3500 inhabitants, I examine… read more here.
Keywords: obtain building; political connections; building permits; political competition ... See more keywords
The impact of political connections on the efficiency of China's renewable energy firms
Sign Up to like & getrecommendations! Published in 2019 at "Energy Economics"
DOI: 10.1016/j.eneco.2019.06.014
Abstract: Abstract This study investigates the impact of political connections on firm efficiency as well as its mechanisms in Chinese renewable energy firms. The empirical results reveal a direct negative association between political connections and firm… read more here.
Keywords: impact political; firm efficiency; political connections; state owned ... See more keywords
The impact of political connections and business groups on cash holdings: Evidence from Chinese listed firms
Sign Up to like & getrecommendations! Published in 2019 at "Global Finance Journal"
DOI: 10.1016/j.gfj.2018.10.001
Abstract: Abstract We investigated the impact of political connections and business group affiliation on the cash holdings of firms listed on two main Chinese stock exchanges. We applied panel data regression analysis on a dataset comprising… read more here.
Keywords: cash holdings; political connections; impact political; connections business ... See more keywords
Estimating the value of political connections in China: Evidence from sudden deaths of politically connected independent directors
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Comparative Economics"
DOI: 10.1016/j.jce.2017.10.001
Abstract: Abstract This paper estimates the value of political connections by examining stock price reactions to sudden deaths of retired government officials who were acting as independent directors of private firms in China from 2003 to… read more here.
Keywords: political connections; independent directors; sudden deaths; value political ... See more keywords
Political connections and green technology innovations under an environmental regulation
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Cleaner Production"
DOI: 10.1016/j.jclepro.2021.126778
Abstract: Abstract Green technology innovation is an effective means to realize energy conservation and reduce carbon emissions, which plays a crucial role in promoting green and sustainable economic development. Although green technology innovation is increasing, the… read more here.
Keywords: technology innovations; green technology; political connections; innovation ... See more keywords
Political connections and directors' and officers' liability insurance – Evidence from China
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Corporate Finance"
DOI: 10.1016/j.jcorpfin.2019.06.001
Abstract: Abstract Political connections provide firms with legal advantages and can shield managers and directors away from litigation risk. Using a sample of Chinese public firms, we find that politically connected firms have lower demand for… read more here.
Keywords: political connections; officers liability; directors officers; liability insurance ... See more keywords
Transactional and relational approaches to political connections and the cost of debt
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Corporate Finance"
DOI: 10.1016/j.jcorpfin.2020.101768
Abstract: Abstract This paper examines the economic effects of a firm's approach to developing and maintaining political connections. Specifically, we investigate whether lenders favor transactional connection as opposed to relational connection. By tracing firms in a… read more here.
Keywords: political connections; connection; relational approaches; transactional relational ... See more keywords
The role of political ties and political uncertainty in corporate innovation
Sign Up to like & getrecommendations! Published in 2021 at "Long Range Planning"
DOI: 10.1016/j.lrp.2021.102111
Abstract: Abstract: We examine the relationship between firms’ political connections and corporate innovation in a European context. We also consider the moderating effect of political connections on the relationship between political uncertainty and firms’ innovation. We… read more here.
Keywords: corporate innovation; political uncertainty; political connections; uncertainty ... See more keywords
Market risk disclosures, corporate governance structure and political connections: evidence from GCC firms
Sign Up to like & getrecommendations! Published in 2018 at "Applied Economics Letters"
DOI: 10.1080/13504851.2017.1420877
Abstract: ABSTRACT This paper investigates the joint effect of political connections, in the form of the royal family member on board, and corporate governance on the market risk disclosures of the Gulf Cooperation Council (GCC) financial… read more here.
Keywords: political connections; risk disclosures; corporate governance; governance ... See more keywords
Effect of political connections on corporate financial constraints: new evidence from privatization in China
Sign Up to like & getrecommendations! Published in 2019 at "Applied Economics Letters"
DOI: 10.1080/13504851.2018.1489104
Abstract: ABSTRACT Taking advantage of the SOEs privatization events in China, our research looks to identify the causal effect of political connections on corporate financial constraints. In a difference-in-differences framework, we demonstrate that after the transfer… read more here.
Keywords: political connections; financial constraints; effect political; connections corporate ... See more keywords