The role of political connections in bad times: Evidence from the COVID-19 pandemic

This study investigates the relationship between political connections and firm financial performance during the COVID-19 pandemic. Using a difference-in-differences methodology, we found that politically connected enterprises paid more taxes, employed more employees, and suffered financial performa...

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Detalles Bibliográficos
Autores principales: Liu, Hengxu, Zhao, Wenxi
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2023
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9898942/
https://www.ncbi.nlm.nih.gov/pubmed/36778078
http://dx.doi.org/10.1016/j.econlet.2023.110999
Descripción
Sumario:This study investigates the relationship between political connections and firm financial performance during the COVID-19 pandemic. Using a difference-in-differences methodology, we found that politically connected enterprises paid more taxes, employed more employees, and suffered financial performance. This study enriches the literature on the impact of COVID-19 on enterprises and provides suggestions for regulators.

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