The Cost of Political Connections

Using plant-level data from France, we document a potential cost of political connections for firms that is not offset by other benefits. Politically connected CEOs alter corporate employment decisions to help (regional) politicians in their re-election efforts by having higher job and plant creatio...

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Bibliographic Details
Main Authors: Bertrand, Marianne, Kramarz, Francis, Schoar, Antoinette, Thesmar, David Jean Joseph
Other Authors: Sloan School of Management
Format: Article
Language:English
Published: Oxford University Press (OUP) 2019
Online Access:https://hdl.handle.net/1721.1/122346