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data from the European Patent Office, (iv) the national registry of local politicians, and (v) detailed data on local … elections in Italy. We find that firm-level political connections are widespread, especially among large firms, and that …
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, workers, and politicians, supplemented by corporate financial statements, patent and election data, so as to define connected … firms as those employing local politicians. We identify a leadership paradox: market leaders are much more likely to be …
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European Patent Office; (iv) the national registry of local politicians; and (v) detailed data on local elections in Italy. We …
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In this paper we study top executive turnover in Italian Banks over the period 1993-2001. We relate the probability of survival of top executives (Presidents, CEOs and General Managers) to bank performance and the manager's local connections, controlling for (observable and unobservable) bank...
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