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All you need is cash : corporate cash holdings and investment after the global financial crisis

Joseph, Andreas; Kneer, Christiane; Horen, Neeltje van - 2021

Cash holdings at the onset of a financial crisis are a key determinant of investment by SMEs not only during the crisis but also during the recovery period. Cash-rich SMEs could maintain their capital stock during the global financial crisis, while cash-poor rivals reduced theirs. This gave...

Persistent link: https://www.econbiz.de/10012509557

Whither public interest : the case of Greece's public finances

Moutos, Thomas; Tsitsikas, Christos - 2010

During the last three decades there has been an almost continuous undermining of the public interest by private interests operating either outside or inside Greek public administration. The result of this infiltration has been a gradual loss of bureaucratic autonomy to pursue the public...

Persistent link: https://www.econbiz.de/10003979327

Emotions and political unrest

Passarelli, Francesco; Tabellini, Guido Enrico - 2013

This paper formulates a general theory of how political unrest influences public policy. Political unrest is motivated by emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This reaction is predictable because individuals have a...

Persistent link: https://www.econbiz.de/10009722397

Political connections, state ownership and productivity in China

Harris, Richard I. D.; Hashimzade, Nigar; Ding, Sai - 2016

Subordination of business to political influence has remains pervasive in China. We construct a Schumpeterian-type model of growth with managerial time allocation between productive activities and building up political connections. The model predicts the impact of different patterns of state...

Persistent link: https://www.econbiz.de/10011571621

Lobbying and bribes : a survey-based analysis of the demand for influence and corruption

Bennedsen, Morten; Feldmann, Sven E.; Dreyer Lassen, David - 2011

We use survey responses by firms to examine the firm-level determinants and effects of political influence, their perception of corruption and prevalence of bribe paying. We find that: (a) measures of political influence and corruption/bribes are uncorrelated at the firm level; (b) firms that...

Persistent link: https://www.econbiz.de/10009153848

Incorporation and taxation : theory and firm-level evidence

Egger, Peter; Keuschnigg, Christian; Winner, Hannes - 2009

This paper provides a theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of taxes and corporate governance. The theory explains how the incorporation decision of entrepreneurs is driven by taxation (corporate and personal income taxes), corporate...

Persistent link: https://www.econbiz.de/10003854414

The economics of politically connected firms

Choi, Jay Pil (contributor); Thum, Marcel (contributor) - 2007

Persistent link: https://www.econbiz.de/10003498759

Bureaucrats or politicians?

Alesina, Alberto; Tabellini, Guido Enrico - 2004

Persistent link: https://www.econbiz.de/10011402688

The economics of politics : patronage and political selection in Italy

Quaresima, Federico; Fiorillo, Fabio - 2016

This article investigates the patronage phenomenon in the italian, so called, Second Republic. In particular, the …, where the interests of political parties and districts may diverge, the formers would need patronage resource to assure … parliamentarians' loyalty does play a role in patronage appointments as well as the electoral result in the next electoral competition. …

Persistent link: https://www.econbiz.de/10011571525

Political parties and network formation

Miettinen, Topi (contributor); Poutvaara, Panu (contributor) - 2006

We argue that anticorruption laws may provide an efficiency rationale for why political parties should meddle in the distribution of political nominations and government contracts. Anticorruption laws forbid trade in spoils that politicians distribute. However, citizens may pay for gaining...

Persistent link: https://www.econbiz.de/10003301061

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