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We examine whether political corruption impedes innovation. Using a comprehensive sample of US firms, we find that … corruption has a substantial, negative relation with the quantity and quality of innovation. These results are robust to using … various fixed effects, proxies for corruption and innovation, and subsamples. To establish causality, we employ two …
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This Article examines whether recent shifts among private and public markets are part of a more general phenomenon of “shapeshifting” among corporate entities. A shapeshift is a transformation of corporate form involving the creation or use of a new legal entity and one or more changes in...
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measure connections between politicians and the universe of firms. To identify the causal effect of access to political power … election lists. Our results reveal that connections lead to reductions in firm exits, gradual increases in employment growth …
Persistent link: https://www.econbiz.de/10014535705
measure connections between politicians and the universe of firms. To identify the causal effect of access to political power … election lists. Our results reveal that connections lead to reductions in firm exits, gradual increases in employment growth …
Persistent link: https://www.econbiz.de/10014535936
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between political connections and firm performance during election and non-election years. This study uses 2479 firm … CEOs who have political connections and is more pronounced during general election years in Pakistan. The findings further …
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