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Gains from early support of a new political party
Leonardi, Marco; Mossucca, Rossella; Schivardi, Fabiano; … - 2019
We study the potential benefits and mechanisms of firms' political connections by analyzing the Italian experience, where, in the early nineties, Silvio Berlusconi, a rich TV tycoon, became the leader of the conservative political coalition. Using firm-level data, we find that the 101 companies...
Persistent link: https://www.econbiz.de/10012063531
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Bringing connections onboard: the value of political influence
Green, Colin; Homroy, Swarnodeep - 2020
In 2002, an amendment to UK parliamentary regulations removed restrictions on the participation of members of parliament (MPs) in parliamentary proceedings related to their corporate interests. Using this amendment as a quasi-natural experiment, we demonstrate gains in firm value and...
Persistent link: https://www.econbiz.de/10012239525
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Does wealth inequality matter for growth? : the effect of billionaire wealth, income distribution, and poverty
Bagchi, Sutirtha; Švejnar, Jan - 2013
A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in … inequality from Forbes magazine's listing of billionaires and compare its effect on growth to the effects of income inequality … and poverty. We find that wealth inequality reduces economic growth, but when we control for the fact that some …
Persistent link: https://www.econbiz.de/10010211159
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The productivity consequences of political turnover : firm-level evidence from Ukraine's orange revolution
Earle, John S.; Gehlbach, Scott - 2014
We examine the impact of political turnover on economic performance in a setting of largely unanticipated political change and profoundly weak institutions: the 2004 Orange Revolution in Ukraine. Exploiting census-type panel data on over 7,000 manufacturing enterprises, we find that the...
Persistent link: https://www.econbiz.de/10010410297
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Campaign connections
Bazzi, Samuel; Labanca, Claudio - 2023
This paper explores the labor market returns to working on a victorious political campaign. Using unique administrative data from Brazil, we track the earnings and employment of campaign workers before and after close elections spanning nearly 20 years. We identify sizable returns to working for...
Persistent link: https://www.econbiz.de/10014281242
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How do political connections of firms matter during an economic crisis?
Chen, Yutong; Chiplunkar, Gaurav; Sekhri, Sheetal; Sen, … - 2023
We use a new machine learning-enabled, social network based measurement technique to assemble a novel dataset of firms' political connections in India. Leveraging this data along with a long panel of detailed financial transactions of firms, we study how political connections matter during an...
Persistent link: https://www.econbiz.de/10014278644
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Do politicians affect firm outcomes? : evidence from connections to the German federal parliament
Diegmann, André; Pohlan, Laura; Weber, Andrea - 2024
election lists. Our results reveal that connections lead to reductions in firm exits, gradual increases in employment growth …
Persistent link: https://www.econbiz.de/10014535705
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To be born is not enough : the key role of innovative startups
Colombelli, Alessandra; Krafft, Jackie; Vivarelli, Marco - 2016
greater survival is achieved when startups engage successfully in both product innovation and process innovation, with a key … that the creation and survival of innovative start-ups should become one qualifying point of the economic policy agenda. …
Persistent link: https://www.econbiz.de/10011452416
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Productivity dynamics : the role of competition in a service industry
Breda, Thomas; Bryson, Alex; Forth, John - 2019
. Those with higher TFP have higher survival probabilities. However, increased competition does not induce incumbents to raise …
Persistent link: https://www.econbiz.de/10012139524
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Entrepreneurial persistence beyond survival : measurement and determinants
Caliendo, Marco; Göthner, Maximilian; Weißenberger, Martin - 2019
the determinants of entrepreneurial persistence. Next to observed survival we also construct a hybrid persistence measure … indicators emphasize different aspects of persistence. For the survival indicator, the predictive power is concentrated in … differ in survival chances, but they are more likely to lack a high psychological commitment to their business ventures. …
Persistent link: https://www.econbiz.de/10012110496