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We investigate the employment consequences of private equity buyouts. We find that, on average, buyouts by politically … of politically connected private equity firms increase employment more during election years and in states with high … levels of corruption. We also provide evidence of specific benefits experienced by target firms from their political …
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Politicians can use the public sector to give jobs to cronies, at the expense of the efficiency of those organisations and general welfare. In this paper, we regress monthly hires across all firms in Portugal with some degree of public ownership on the country's 1980-2018 political cycle. We...
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