Politically connected firms in Poland and their access to bank financing

Iftekhar Hasan, Krzysztof Jackowicz, Oskar Kowalewski () and Łukasz Kozłowski

No 2/2014, BOFIT Discussion Papers from Bank of Finland Institute for Emerging Economies (BOFIT)

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 (search for similar items in EconPapers)
JEL-codes: G01 G18 G32 (search for similar items in EconPapers)
Date: 2014
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https://www.econstor.eu/bitstream/10419/212788/1/bofit-dp2014-002.pdf (application/pdf)

Related works:
Working Paper: Politically Connected Firms in Poland and Their Access to Bank Financing (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bofitp:bdp2014_002

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