Haku
Viitteet 1-7 / 7
Russia's 1999–2000 election cycle and the politics-banking interface
(01.11.2017)
BOFIT Discussion Papers 17/2017
BOFIT Discussion Papers 17/2017
We investigate whether lending by the dominant Russian state bank, Sberbank, contributed to Vladimir Putin’s ascent to power during the presidential elections of March 2000. Our hypothesis is that Sberbank corporate loans ...
Firms and social policy preferences under weak institutions : Evidence from Russia
(23.02.2018)
BOFIT Discussion Papers 7/2018
BOFIT Discussion Papers 7/2018
When does business support the expansion of social policy in the developing world? Existing work on managers’ preferences has tended to concentrate on the developed world, where governments can credibly commit to policy, ...
Growing up under Mao and Deng : On the ideological determinants of corporate policies
(27.08.2020)
BOFIT Discussion Papers 20/2020
BOFIT Discussion Papers 20/2020
Economic activities have always been organized around certain ideologies, yet little is known about how ideology shapes corporate behavior and how it is different from other political forces. We investigate the impact of ...
How do individual politicians affect privatization? Evidence from China
(01.09.2020)
BOFIT Discussion Papers 21/2020
BOFIT Discussion Papers 21/2020
This paper investigates how politicians’ patronage connections affect privatizations in China. The connections to top political leaders (i.e., Central Committee of the Communist Party of China) make local politicians engage ...
Elections hinder firms’ access to credit
(09.02.2022)
BOFIT Discussion Papers 3/2022
BOFIT Discussion Papers 3/2022
To analyze whether the occurrence of elections affects access to credit for firms, we perform an investigation using firm-level data covering 44 developed and developing countries. The results show that elections impair ...
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 ...