Political Connections and Financial Constraints : Evidence from Transition Countries

Political Connections and Financial Constraints : Evidence from Transition Countries

This paper examines whether political connections ease financial constraints faced by firms. Using firm-level data from six Central and Eastern European economies, the paper shows that politically connected firms: (i) have high levels of leverage,...

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Bibliographic Details
Main Authors: Bussolo, Maurizio, de Nicola, Francesca, Panizza, Ugo, Varghese, Richard
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
POLITICAL CONNECTIONS
CORRUPTION
FINANCIAL CONSTRAINTS
INVESTMENT
POLITICALLY EXPOSED PERSONS
RETURN ON ASSET
ALLOCATIVE EFFICIENCY
MARGINAL PRODUCT OF CAPITAL
MISALLOCATION OF CAPITAL
Online Access:http://documents.worldbank.org/curated/en/146711565095465049/Political-Connections-and-Financial-Constraints-Evidence-from-Transition-Countries
http://hdl.handle.net/10986/32208

Internet

http://documents.worldbank.org/curated/en/146711565095465049/Political-Connections-and-Financial-Constraints-Evidence-from-Transition-Countries
http://hdl.handle.net/10986/32208

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