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- W2690438167 abstract "This chapter provides an in-depth analysis of the existing literature related to political connections. First, a classification of the different measures of political connection employed in previous works is provided. Second, the main findings of studies related to this topic are summarized, showing that political connections are valuable in different ways. More specifically, they are associated with higher firms’ value and performance, preferential access to finance, and larger loans. Moreover, politically connected firms are more likely to be founded and bailed out. A group of papers shows a positive link between political connections and industry-level regulation. These studies generally refer to some highly regulated industries, while this book exhaustively investigates the link between political connections and industry-level regulation over 16 years (1999–2014) by selecting the most regulated industries in the United States. In addition, it investigates the market reaction to the dates of announcement of new political connections." @default.
- W2690438167 created "2017-06-30" @default.
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- W2690438167 date "2017-01-01" @default.
- W2690438167 modified "2023-09-23" @default.
- W2690438167 title "Literature Review on Political Connections" @default.
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- W2690438167 doi "https://doi.org/10.1007/978-3-319-52776-5_2" @default.
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