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Does democratization promote competition? : Indonesian manufacturing pre and post Suharto
Hallward-Driemeier, Mary; Kochanova, Anna; Rijkers, Bob - 2020
Does democratization promote economic competition? This paper documents that the disruption of political connections associated with Suharto's fall had a modest pro-competitive effect on Indonesian manufacturing industries in which his family had extensive business interests. Firms with...
Persistent link: https://www.econbiz.de/10012228277
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Political connections and financial constraints : evidence from transition countries
Bussolo, Maurizio; De Nicola, Francesca; Panizza, Ugo; … - 2019
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...
Persistent link: https://www.econbiz.de/10012113824
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Going for Broke : Insolvency Tools to Support Cross-Border Asset Recovery in Corruption Cases
Brun, Jean-Pierre - 2019
The cost of official corruption is high: it degrades public trust, impedes economic development, and undermines the … corruption cases and restore funds to public use. Successful application of bankruptcy or insolvency law can make or break a … corruption case.Going for Broke: Insolvency Tools to Support Cross-Border Asset Recovery in Corruption Cases is intended as a …
Persistent link: https://www.econbiz.de/10012644241
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Enhancing Government Effectiveness and Transparency : The Fight Against Corruption
World Bank Group - 2020
News headlines over the last few years have been filled with global scandals involving corruption on an unprecedented … operating procedures, will result in new corruption scandals in the post-COVID (coronavirus) years. There are already reports in … corruption and how countries are attempting to address this long-standing scourge on development …
Persistent link: https://www.econbiz.de/10012647515
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Political connections and firms network dimensions
Bussolo, Maurizio; Commander, Simon; Poupakis, Stavros - 2018
Business and politicians' interaction is pervasive but has mostly been analyzed with a binary approach, id est either a firm is connected to a politician or not. Yet the network dimensions of such connections are ubiquitous. This paper uses use a unique data set for seven economies that...
Persistent link: https://www.econbiz.de/10011871282
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Crony capitalism in Ukraine : relationship between political connectedness and firms' performance
Balabushko, Oleksii; Betliy, Oleksandra; Movčan, Veronika - 2018
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...
Persistent link: https://www.econbiz.de/10011875205
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Do politically connected firms innovate, contributing to long-term economic growth?
Francis, David; Hussain, Sahar; Schiffbauer, Marc - 2018
This paper presents new evidence that cronyism reduces long-term economic growth by discouraging firms' innovation activities. The analysis is based on novel establishment survey data from The Arab Republic of Egypt which provides information on establishments' political connections, their...
Persistent link: https://www.econbiz.de/10011902856
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Improving Transparency and Accountability in Public-Private Partnerships : Disclosure Diagnostic Report - Honduras
World Bank (contributor) - World Bank - 1905
the Public-Private Partnership (PPP) Disclosure Diagnostic template recommended by the World Bank Framework for Disclosure … of Information in PPPs. This study has been consolidated in the form of a PPP Disclosure Diagnostic Report for Honduras …. The Diagnostic Report examines the political, legal, and institutional environment for disclosure in PPPs. Based on a gap …
Persistent link: https://www.econbiz.de/10012645242
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The Dark Side of Disclosure : Evidence of Government Expropriation from Worldwide Firms
Liu, Tingting - 2015
This paper studies the effects of voluntary accounting information disclosure through auditing on firm access to … finance, exposure to corruption, and sales growth. Relying on a data set of more than 70,000 firms in 121 countries, the … analysis finds that disclosure can be a double-edged sword. On the one hand, audited firms exhibit a slightly lower level of …
Persistent link: https://www.econbiz.de/10012246153
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Winners never quit, quitters never grow : using text mining to measure policy volatility and its link with long-term growth in Latin America
Calvo-Gonzalez, Oscar; Eizmendi, Axel; Reyes, Germán - 2018
Although there is wide recognition of the negative consequences of policy volatility for countries' long-term economic growth, there is limited empirical work on this subject. One of the reasons is the difficulty of measuring policy volatility over long periods of time, especially in developing...
Persistent link: https://www.econbiz.de/10011806707