Haku
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Lending cycles and real outcomes : Costs of political misalignment
(21.01.2019)
BOFIT Discussion Papers 1/2019
BOFIT Discussion Papers 1/2019
We use data on the universe of credit in Turkey to document a strong political lending cycle. State-owned banks systematically adjust their lending around local elections compared with private banks in the same province. ...
Political connections and firm pollution behaviour : An empirical study
(27.02.2019)
BOFIT Discussion Papers 4/2019
BOFIT Discussion Papers 4/2019
A firm's top manager and a government official may be connected due to special circumstances. This social relationship or political connection may provide industrial polluters with protection or a “pollution shelter” which ...
Are some dictators more attractive to foreign investors?
(08.07.2019)
BOFIT Discussion Papers 12/2019
BOFIT Discussion Papers 12/2019
Since political uncertainty is greater in dictatorships than in democracies, we test the hypothesis that foreign investors scrutinize public information on dictators to assess this risk. In particular, we as-sume they use ...