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
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author Liu, Hengxu
Zhao, Wenxi
author_facet Liu, Hengxu
Zhao, Wenxi
author_sort Liu, Hengxu
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description 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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spelling pubmed-98989422023-02-06 The role of political connections in bad times: Evidence from the COVID-19 pandemic Liu, Hengxu Zhao, Wenxi Econ Lett Article 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. Elsevier B.V. 2023-03 2023-02-04 /pmc/articles/PMC9898942/ /pubmed/36778078 http://dx.doi.org/10.1016/j.econlet.2023.110999 Text en © 2023 Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Liu, Hengxu
Zhao, Wenxi
The role of political connections in bad times: Evidence from the COVID-19 pandemic
title The role of political connections in bad times: Evidence from the COVID-19 pandemic
title_full The role of political connections in bad times: Evidence from the COVID-19 pandemic
title_fullStr The role of political connections in bad times: Evidence from the COVID-19 pandemic
title_full_unstemmed The role of political connections in bad times: Evidence from the COVID-19 pandemic
title_short The role of political connections in bad times: Evidence from the COVID-19 pandemic
title_sort role of political connections in bad times: evidence from the covid-19 pandemic
topic Article
url 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
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