Choi, Jay Pil; Thum, Marcel - Fakultät Wirtschaftswissenschaften, Technische … - 2008
entrepreneurs to support the government and to exert effort in its stabilization. In return, politically-connected firms get access … and politically-connected firms can only exist if certain institutional conditions are met. In particular, the stability … building up a network of politically-connected firms acts as a substitute for investments in autonomous stability (such as …