BOFIT Discussion Papers, Institute for Economies in Transition, Bank of Finland
No 2/2014:
Politically connected firms in Poland and their access to bank financing
Iftekhar Hasan ()
, Krzysztof Jackowicz ()
, Oskar Kowalewski ()
and Lukasz Kozlowski ()
Abstract: This study investigates the relationship between
politically connected firms and their access to bank financing in a
post-communist eras in Poland. Overall, it finds that “recent” political
connections do influence access to bank financing and the value of such
connections increased during the financial crisis. However, it also
observes that the positive relationship mentioned above is substantially
weaker in Poland relative to other emerging countries and we attribute this
phenomenon to the instability of the Polish political climate.
Keywords: political connections; bank financing; global financial crisis; (follow links to similar papers)
JEL-Codes: G10; G18; G32; (follow links to similar papers)
36 pages, January 9, 2014
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