Political Connections and Preferential Access to Finance: The Role of Campaign Contributions

By Stijn Claessens, E. Feijen, Luc Laeven. 2008

1,680 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/e0c77010972bda51cd67705d1346ec12ee0ec279

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Citations in the corpus

Political connections and corporate investments: Evidence from the recent anti-corruption campaign in China (2017, background): “In particular, political connections may increase firm value/performance (Claessens et al., 2008; Goldman et al., 2009; Wu et al., 2012), through easy access to”
Corporate Policies of Republican Managers (2014, background): “Ideology refers to the belief system that captures one’s values and shapes opinions and attitudes toward various aspects of society and its customs and institutions, ranging from politics and economics to religion (Converse (1964), Jost (2006)).”
Corporate Political Connections and Tax Aggressiveness (2013, neutral): “2 See Fisman (2001), Faccio (2006), and Claessens et al. (2008) for international evidence on valuation implications of political connections. Also see Goldman et al. (2009) and Cooper et al.”
The Effects of Political Connections and State Ownership on Corporate Litigation in China (2011, background): “Close political ties afford more attractive business opportunities and increase the firm value of connected companies (Claessens, Feijen, and Laeven 2008; Fisman 2001; Faccio 2006).”
When does investment in political ties improve firm performance? The contingent effect of innovation activities (2014, background): “For instance, studies have examined how political ties help in securing government subsidy (Wu & Cheng, 2011), access bank finance (Claessens et al., 2008; Faccio, 2006; Khwaja & Mian, 2005), and being bailed out (Faccio et al., 2006).”
Corporate governance in emerging markets: A survey (2013, neutral): “In a crosscountry empirical study, Claessens et al. (2011) show that the responses of investment to changes in Tobin's q are faster in countries with better corporate governance and information systems.”