Politically Connected Firms in Poland and Their Access to Bank Financing

Iftekhar Hasan, Krzysztof Jackowicz, Oskar Kowalewski () and Lukasz Kozlowski
Additional contact information
Krzysztof Jackowicz: Kozminski University
Lukasz Kozlowski: BGZ SA

Working Papers from University of Pennsylvania, Wharton School, Weiss Center

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.

JEL-codes: G01 G18 G32 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (5)

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Related works:
Working Paper: Politically connected firms in Poland and their access to bank financing (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:upafin:13-37

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