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Extant literature suggests that audit firms establish political connections at the national level to lobby regulators and legislators. In this paper we construct a novel dataset of Big 4 auditors’ political connections at the audit office level and examine the implications of auditors’...
Persistent link: https://www.econbiz.de/10013251450
Business and politician interaction is pervasive but has mostly been analysed with a binary approach. Yet the network dimensions of such connections are ubiquitous. We use a unique dataset for seven economies that documents politically exposed persons (PEPs) and their links to companies,...
Persistent link: https://www.econbiz.de/10011853617
award in a politically connected state and this association is stronger when politicians' motives appear to be self …
Persistent link: https://www.econbiz.de/10012899967
This article investigates the patronage phenomenon in the italian, so called, Second Republic. In particular, the … instrument to control and reward politicians' loyalty throughout a legislature. Especially in a majoritarian electoral system …, where the interests of political parties and districts may diverge, the formers would need patronage resource to assure …
Persistent link: https://www.econbiz.de/10011571525
hires are relatively more qualified. Our results suggest a potential upside to patronage as campaign connections create new …
Persistent link: https://www.econbiz.de/10014281242
We empirically investigate whether the persistence of politicians in political institutions affects the innovation …' innovation activity. However, once the causal effect is isolated by means of instrumental variables, using death of politicians …-term connections with politicians. …
Persistent link: https://www.econbiz.de/10011737834
This paper investigates whether political connections affect individuals' propensity to engage in illegal activities in financial markets. We use the 2007 French presidential election as marker of change in the value of political connections, in a difference-in-differences research design. We...
Persistent link: https://www.econbiz.de/10012935450
This paper examines the consequences of powerful political connections for local governments. We find that governments located within the constituencies of, and thus connected to, powerful congressional members reduce their stewardship over public resources. Using plausibly-exogenous declines in...
Persistent link: https://www.econbiz.de/10012834757
This paper examines the consequences of powerful political connections for local governments. We find that governments located within the constituencies of, and thus connected to, powerful congressional members reduce their stewardship over public resources. Using plausibly-exogenous declines in...
Persistent link: https://www.econbiz.de/10012852380
This paper examines the consequences of powerful political connections for local governments. We find that governments located within the constituencies of, and thus connected to, powerful congressional members reduce their stewardship over public resources. Using plausibly exogenous declines in...
Persistent link: https://www.econbiz.de/10013245217