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DOES POLITICAL AFFILIATION MATTER ON POST-PARLIAMENTARY CAREERS IN THE BOARDS OF PUBLIC ENTERPRISES?

Federico Quaresima, Fabio Fiorillo () and Raffaella Santolini ()

No 429, Working Papers from Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali

Abstract: Research on post-parliamentary careers has so far neglected the effect of political affiliation on the appointment of ex-members of Parliament to public firms boards of director. This article intends to fill this gap by conducting an empirical analysis on a sample of 1,419 deputies of Italian Parliament elected over the period 1994-2001. The regression discontinuity estimates show that the probability of being appointed to the board of public enterprises of center-left ex-deputies is about 15 percentage points higher than that of center-right ex-deputies. This result brings to light the politicization of Italian public firms, put in place through the appointment of ex-deputies in managerial positions.

Keywords: party affiliation; political appointment; public enterprises; regression discontinuity design; Italy (search for similar items in EconPapers)
JEL-codes: D70 H82 J45 L32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur and nep-pol
Date: 2018-05
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Persistent link: https://EconPapers.repec.org/RePEc:anc:wpaper:429

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