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We examine how political connections impact the process of going public. Specifically, we test how political connections impact the pricing of newly offered shares, the magnitude of underpricing, and the fixed cost of going public. Based on experiences of the new public firms in the Chinese...
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This study investigates the relationship between politically connected firms and their access to bank financing in a post-communist eras in Poland. Overall, it finds that "recent" political connections do influence access to bank financing and the value of such connections increased during the...
Persistent link: https://www.econbiz.de/10012931670
This study investigates the relationship between politically connected firms and their access to bank financing in a post-communist eras in Poland. Overall, it finds that "recent" political connections do influence access to bank financing and the value of such connections increased during the...
Persistent link: https://www.econbiz.de/10013071495
We examine how political connections impact the process of going public. Specifically, we test how political connections impact the pricing of newly offered shares, the magnitude of underpricing, and the fixed cost of going public. Based on experiences of the new public firms in the Chinese...
Persistent link: https://www.econbiz.de/10013158388
This study investigates the relationship between politically connected firms and their access to bank financing in a post-communist eras in Poland. Overall, it finds that “recent” political connections do influence access to bank financing and the value of such connections increased during...
Persistent link: https://www.econbiz.de/10013060219
Persistent link: https://www.econbiz.de/10013164742
Using corporate loan facilities and hand-matched information on bank lobbying, we show that borrower performance … improves after receiving credit from lobbying banks. This especially holds for opaque borrowers, about which the lending bank … from lobbying banks funds corporate capital expenditures that increase the scope of firm operations, thereby leading to …
Persistent link: https://www.econbiz.de/10013305740