Domadenik, Polona; Prašnikar, Janez; Švejnar, Jan - 2014
economies, affects corporate governance and productive efficiency of firms. Our model predicts that underdeveloped democratic … more employees. Using the supervisory board structure, together with balance sheet and income statement data for 2000 …-2010, we show that a higher share of politically connected supervisory board members leads to lower productivity. …