Political connectedness, corporate governance, and firm performance

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F16%3A00464864" target="_blank" >RIV/67985998:_____/16:00464864 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1007/s10551-015-2675-4" target="_blank" >http://dx.doi.org/10.1007/s10551-015-2675-4</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s10551-015-2675-4" target="_blank" >10.1007/s10551-015-2675-4</a>

Result language
angličtina
Original language name
Political connectedness, corporate governance, and firm performance
Original language description
In this paper, we present and test a theory of how political connectedness (often linked to political corruption) affects corporate governance and productive efficiency of firms. Our model predicts that underdeveloped democratic institutions that do not punish political corruption result in political connectedness of firms that in turn has a negative effect on performance. We test this prediction on an almost complete population of Slovenian joint-stock companies with 100 or more employees. Using the data on supervisory board structure, together with balance sheet and income statement data for 2000–2010, we show that a higher share of politically connected supervisory board members leads to lower productivity.
Czech name
—
Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
—

Project
<a href="/en/project/GA15-24642S" target="_blank" >GA15-24642S: Effects of globalization and foreign direct investment on innovations and efficiency of domestic firms</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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