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We examine how political connections impact the process of going public. Specifically, we test how political connections impact the pricing of newly offered shares, the magnitude of underpricing, and the fixed cost of going public. Based on experiences of the new public firms in the Chinese...
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model, we argue these results provide credible evidence of the presence of clientelism rather than programmatic politics …
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model, we argue these results provide credible evidence of the presence of clientelism rather than programmatic politics. …
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other things. Creating a new and unique dataset of political connections of firms in India, my results show that politically …
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ante political affiliation and jobs received subsequent to large-scale decentralized workfare program in India, we find …
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