Charumilind, Chutatong; Kali, Raja; Wiwattanakantang, Yupana - In: The Journal of Business 79 (2006) 1, pp. 181-218
We used a detailed data set on Thai firms before the Asian crisis of 1997 to examine whether business connections predicted preferential access to long-term bank credit. We found that firms with connections to banks and politicians had greater access to long-term debt than firms without such...