Jackowicz, Krzysztof; Kozłowski, Łukasz; Mielcarz, Paweł - In: Emerging Markets Review 20 (2014) C, pp. 109-135
This study analyses the impact of political connections on the operational performance of non-financial firms in Poland. Using a data set covering the 2001–2011 period, we find that political connections lower firm profitability, as measured on the level of income from sales. The negative...