This study investigates the types and characteristics of firms with politically connected directors in the boards of the company. The study uses data from all firms listed in Indonesia Stock Exchange spanning from 2004 to 2006. This study employs univariate analyses to address the research...

We use novel hand-collected data on political connections to find politically connected firms earn more positive (less negative) Cumulative Abnormal Returns (CARs) than those without political connections as a response to favorable (unfavorable) macroeconomic news. Using the...

Using an original firm-level dataset and utilizing the incidence of the Egyptian uprising of 2011, this paper provides an empirical investigation of the effects of firms' political connections on employment growth in Egypt. We use the differences-in-differences (DiD) framework to compare...

When property rights are poorly secured, crony relations i.e. the tight connection between the owners of major firms and the government are the primary informal mechanism securing the property. However, this institutional framework creates high entry barriers on markets. We propose a theory that...

Firms establish political connections when they either donate money to the political parties or appoint politicians on the board of directors of the company. These political connections are found to facilitate access to credit, among various other things. Creating a new and unique dataset of...

Piotr Kozarzewski and Maciej Bałtowski analyse the causes and manifestations of Poland's recent shift in economic policy towards a more active role of the state, and use privatization policy as an example. The authors examine the effects of the privatization policy and point to a large...