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Using a novel, nationally representative data set on fraud victimization, this paper examines the impact of credit … constraints on fraud victimization and potential underlying mechanisms in Chinese urban areas. After controlling for other … points higher probability of becoming fraud victims, and have 20.4 percent higher subsequent economic losses from fraud when …
Persistent link: https://www.econbiz.de/10012390613
Do elites capture foreign aid? This paper documents that aid disbursements to highly aid-dependent countries coincide with sharp increases in bank deposits in offshore financial centers known for bank secrecy and private wealth management, but not in other financial centers. The estimates are...
Persistent link: https://www.econbiz.de/10012229106
This study combines firm-level data and data on politically exposed people to explore correlation between firms' political connectedness and their economic performance in Ukraine. First, it estimates the share of politically connected firms in Ukraine's economy. Second, the study looks at how...
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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, (ii) have low levels of profitability, (iii) are...
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