Work

Differences between Politically Connected and Nonconnected Firms: A Cross‐Country Analysis

Year: 2010

Type: article

Abstract: Evidence from firms in 47 countries shows that companies with political connections have higher leverage and higher market shares, but they underperform compared to nonconnected 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.

Source: Financial Management

DOI: 10.1111/j.1755-053x.2010.01099.x

Author: Mara Faccio

Institution: Purdue University West Lafayette

Language: English

Topic: Political Influence and Corporate Strategies

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W3122036769

FWCI: 65.61

Cites: 47

Cited by: 790

Related to: 9