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Impact of Political Connections on Operational Performance

2013
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Release : 2013
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Book Synopsis Impact of Political Connections on Operational Performance by : Krzysztof Jackowicz

Download or read book Impact of Political Connections on Operational Performance written by Krzysztof Jackowicz. This book was released on 2013. Available in PDF, EPUB and Kindle. Book excerpt: This study analyses the impact of political connections on the operational performance of non-financial firms in a context of a post-transition European economy. Using a new and detailed data set covering the 2001-2011 period, we found that politically connected firms are much more numerous in Poland than previously reported in the literature. We established that political connections usually lower profitability measured on the level of income from sales. However, the relationship between political connections and operational performance was affected by the characteristics of the former. Namely, the negative impact was the strongest when a firm possessed multiple connections, had politically connected members of the supervisory board and employed ex-politicians with central government experience. Therefore, our findings did not support claims based on the resource dependence theory that political connections improve the operational performance of firms.

The Impact of Political Connections on Firms' Operation Performance and Financing Decisions

2011
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Release : 2011
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Book Synopsis The Impact of Political Connections on Firms' Operation Performance and Financing Decisions by : Narjess Boubakri

Download or read book The Impact of Political Connections on Firms' Operation Performance and Financing Decisions written by Narjess Boubakri. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the impact that the political connections of publicly traded firms have on their performance and financing decisions. Using a long-term event study covering a sample of 234 politically connected firms headquartered in 12 developed and 11 developing countries over the period 1989 to 2003, we find that firms increase their performance and indebtedness after the establishment of a political connection. We also find that the political connection is more strongly associated with changes in leverage and operating performance for firms with closer ties to political power. Overall, our study confirms that politically connected firms gain easier access to credit and reap benefits in terms of performance from their ties with politicians.

Researching Elites and Power

2020-08-12 Social Science
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Release : 2020-08-12
Genre : Social Science
Kind : eBook
Book Rating : 755/5 ( reviews)

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Book Synopsis Researching Elites and Power by : Francois Denord

Download or read book Researching Elites and Power written by Francois Denord. This book was released on 2020-08-12. Available in PDF, EPUB and Kindle. Book excerpt: This open access book describes how elite studies theoretically and methodologically construct their object, i.e. how particular conceptualizations of elites are turned into research practice using different methods for collecting, dealing with and analyzing empirical data. The first of four sections focuses on what Mills named the power elite and includes Bourdieu’s field of power. The second section addresses studies of the domain of economic power, whereas the third section centers on research on elite education. The fourth and last section highlights research on symbolic power, either within social fields or as a dimension of social structure at large, areas where recognition is essential. All sections comprise empirical case studies of elites and power, whereby each of which makes explicit the various methodological choices made in the research process. Through focusing on methodological approaches for the study of elites and power and on how such approaches relate to each other as well as to the theoretical perspectives that underpin them, this book will be a valuable source for social scientists.

The Family Business Map

2014-09-29 Business & Economics
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Release : 2014-09-29
Genre : Business & Economics
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Book Rating : 368/5 ( reviews)

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Book Synopsis The Family Business Map by : M. Bennedsen

Download or read book The Family Business Map written by M. Bennedsen. This book was released on 2014-09-29. Available in PDF, EPUB and Kindle. Book excerpt: Combining the expertise of two consultants and academics from East and West, this book provides an international guide for family businesses, showing how to identify and implement the best governance strategies. Packed with case studies and interviews, this is the ultimate guide for family businesses wanting to achieve long-term success.

OECD Investment Policy Reviews OECD Investment Policy Reviews: Tunisia 2012

2012-11-30
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Release : 2012-11-30
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Book Rating : 165/5 ( reviews)

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Book Synopsis OECD Investment Policy Reviews OECD Investment Policy Reviews: Tunisia 2012 by : OECD

Download or read book OECD Investment Policy Reviews OECD Investment Policy Reviews: Tunisia 2012 written by OECD. This book was released on 2012-11-30. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the role of FDI in the economic development of Tunisia, examines the investment regime in force and exceptions to national treatment as well as the application of the Guidelines for MNEs.

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