The Impact of Political Connections on the Performance and Solvency of Canadian Financial Institutions

Saidatou Dicko

International Journal of Economics and Finance, 2016, vol. 8, issue 11, 1

Abstract: This article¡¯s main goal is to analyze the impact of political connections on the financial performance of Canadian financial institutions. Data on Canadian financial institutions from the S&P/TSX Composite Index over a five-year period was analyzed, and the results demonstrate that contrary to previous studies on companies in other industries, political connections had a negative influence on solvency, return on assets and return on equity for these Canadian financial institutions. Only the market-to-book ratio was positively and significantly influenced by political connections.

Date: 2016
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