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Connecting to power: political connections, innovation, and firm dynamics

Citations

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Cited by:

  1. Xie, Dongshui & Bai, Caiquan & Zhang, Yuwei, 2023. "Relation-based governance, financial crisis shock, and economic growth in China," Economic Modelling, Elsevier, vol. 129(C).
  2. Chunyang Wang, 2024. "Politics and entry deterrence: Evidence from China's industrial land market," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 33(3), pages 686-705, August.
  3. Nguyen Cong Thanh & Nguyen Hoang Hai & Nguyen Hoang Phu & Minh Ly Duc, 2024. "“Shall Absolute Power Corrupt Absolutely?†: A Perspective From Financial Constraints and Earnings Quality Under Government Control," SAGE Open, , vol. 14(3), pages 21582440241, July.
  4. Díez, Federico J. & Fan, Jiayue & Villegas-Sánchez, Carolina, 2021. "Global declining competition?," Journal of International Economics, Elsevier, vol. 132(C).
  5. David Jordan, 2023. "Macroeconomic Perspectives on Productivity," Working Papers 031, The Productivity Institute.
  6. Meng, Shuang & Gomez-Mejia, Luis R. & Yi, Jingtao, 2024. "Political embeddedness, socioemotional wealth, and R&D investment in family firms: Evidence from China as a transition economy," Journal of Family Business Strategy, Elsevier, vol. 15(3).
  7. Ağca, Şenay & Igan, Deniz & Li, Fuhong & Mishra, Prachi, 2025. "Doing more for less? New evidence on lobbying and government contracts," Journal of Economic Behavior & Organization, Elsevier, vol. 232(C).
  8. Mauro Caselli & Paolo Falco, 2019. "Your vote is (no) secret! How low voter density harms voter anonymity and biases elections in Italy," DEM Working Papers 2019/8, Department of Economics and Management.
  9. Mustafa F. Özbilgin & Cihat Erbil & Nur Gündoğdu, 2024. "Political tie diversity and inclusion at work in Asia: a critical view and a roadmap," Asian Business & Management, Palgrave Macmillan, vol. 23(3), pages 374-392, July.
  10. Kezhou Xiao, 2024. "Becoming global billionaires from mainland China: 2004–2018," Small Business Economics, Springer, vol. 62(2), pages 753-773, February.
  11. Mario Daniele Amore, 2020. "Innovation disclosure in times of uncertainty," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 29(4), pages 792-815, October.
  12. Boultzis, Ilias, 2025. "Preying on the young: Intergenerational conflict, rent seeking and growth," European Economic Review, Elsevier, vol. 173(C).
  13. Evguenia Bessonova & Anna Tsvetkova, 2019. "Productivity convergence trends within Russian industries: firm-level evidence," Bank of Russia Working Paper Series wps51, Bank of Russia.
  14. Di Addario, Sabrina & Kline, Patrick & Saggio, Raffaele & Sølvsten, Mikkel, 2023. "It ain’t where you’re from, it’s where you’re at: Hiring origins, firm heterogeneity, and wages," Journal of Econometrics, Elsevier, vol. 233(2), pages 340-374.
  15. Di Addario, Sabrina & Feng, Zhexin & Serafinelli, Michel, 2024. "Inventors' Coworker Networks and Innovation," IZA Discussion Papers 17398, IZA Network @ LISER.
  16. Canen, Nathan & Ch, Rafael & Wantchekon, Leonard, 2023. "Political uncertainty and the forms of state capture," Journal of Development Economics, Elsevier, vol. 160(C).
  17. Roberto Iorio & Maria Luigia Segnana, 2022. "Is paying bribes worthwhile? Corruption and innovation in middle-income countries," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 12(3), pages 475-504, September.
  18. Grdović Gnip, Ana, 2022. "All you need is political love? Assessing the effects of partisan favouritism in Croatia's public procurement," European Journal of Political Economy, Elsevier, vol. 75(C).
  19. Huang, Ziyin & Guo, Zhuopin & Chen, Junsong & Huang, Jin, 2025. "Sharing weal and woe: Do geopolitical risks affect corporate innovation? A global supply chain perspective," International Review of Financial Analysis, Elsevier, vol. 106(C).
  20. Jin, Xuejun & Chen, Zhenhao & Luo, Deming, 2019. "Anti-corruption, political connections and corporate responses: Evidence from Chinese listed companies," Pacific-Basin Finance Journal, Elsevier, vol. 57(C).
  21. Lucas Braga de Melo & Valdemar Pinho Neto, 2026. "The Economic Returns of Firms’ Political Connections," Discussion Papers 175, Aboa Centre for Economics.
  22. Chen, Shuo & Yan, Xun & Yang, Bo, 2020. "Move to success? Headquarters relocation, political favoritism, and corporate performance," Journal of Corporate Finance, Elsevier, vol. 64(C).
  23. Michael Klein & Yibai Yang, 2024. "Blocking Patents, Rent Protection and Economic Growth"," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 52, pages 1-20, April.
  24. Francesca Lotti & Claudia Nobile, 2025. "The geography of innovation: patent insights into Europe's green and digital transitions," Questioni di Economia e Finanza (Occasional Papers) 945, Bank of Italy, Economic Research and International Relations Area.
  25. Jing Shi & Jianlei Han & Martina Linnenluecke & Tom Smith, 2025. "Political Connections and the Transition to Low‐carbon Energy Sources in China: Evidence from a Quasi‐natural Experiment," Abacus, Accounting Foundation, University of Sydney, vol. 61(3), pages 602-620, September.
  26. Diegmann, André & Pohlan, Laura & Weber, Andrea, 2024. "Do Politicians Affect Firm Outcomes? Evidence from Connections to the German Federal Parliament," IZA Discussion Papers 17031, IZA Network @ LISER.
  27. Cai, Qingfeng & Li, Dongxu & Liu, Hao, 2025. "Gender minority: A non-pecuniary approach to political capital," Journal of Comparative Economics, Elsevier, vol. 53(3), pages 834-855.
  28. Brunello, Giorgio & Bertoni, Marco & De Paola, Maria & Cappellari, Lorenzo, 2025. "The long run earnings effects of winning a mayoral election," Journal of Economic Behavior & Organization, Elsevier, vol. 240(C).
  29. Veselov, Dmitry & Yarkin, Alexander, 2024. "Lobbying for Industrialization: Theory and Evidence," IZA Discussion Papers 17045, IZA Network @ LISER.
  30. Maurizio Bussolo & Simon Commander & Stavros Poupakis, 2023. "Political connections and firms: network dimensions," Oxford Economic Papers, Oxford University Press, vol. 75(1), pages 256-280.
  31. Jordan, David, 2023. "Failing to level up? Industrial policy and productivity in interwar Northern Ireland," QUCEH Working Paper Series 23-04, Queen's University Belfast, Queen's University Centre for Economic History.
  32. Liu, Yanqi & Ke, Jinjun & Chen, Aihua & Cai, Xiang, 2025. "Judicial independence and corporate innovation: Evidence from China's unified management of local courts reform," International Review of Economics & Finance, Elsevier, vol. 102(C).
  33. repec:ces:ceswps:_11432 is not listed on IDEAS
  34. Andrea Cintolesi, 2024. "‘Keep friends close, but enemies closer’: connections and political careers," Public Choice, Springer, vol. 200(1), pages 257-284, July.
  35. Kirill Borusyak & Matan Kolerman-Shemer, 2024. "Regression discontinuity aggregation, with an application to the union effects on inequality," Papers 2501.00428, arXiv.org.
  36. Stephanie Reitzinger & Astrid Pennerstorfer, 2021. "The size–growth relationship in the social services sector in Austria," Service Business, Springer;Pan-Pacific Business Association, vol. 15(3), pages 445-466, September.
  37. Zheng, Weiting & Singh, Kulwant, 2025. "When competition meets connections: The asymmetric effects of political ties on firm survival and efficiency," Journal of Business Research, Elsevier, vol. 200(C).
  38. Daron Acemoglu & Ufuk Akcigit & Simon Johnson, 2026. "Technology and Economic Development," Working Papers 2026-12, Becker Friedman Institute for Research In Economics.
  39. Hongjun Cao & Yuxin Fang & Jihui Sun, 2022. "A Study on the Impact of Institutional Support on the Servitization Transformation Performance of Manufacturing Firms—Based on a Dual Mediation Model of Business Model Innovation and Technological Innovation," Sustainability, MDPI, vol. 14(21), pages 1-18, November.
  40. Sabrina Di Addario & Michela Giorcelli & Agata Maida, 2024. "Women Inventors: The Legacy of Medieval Guilds," Development Working Papers 500, Centro Studi Luca d'Agliano, University of Milano.
  41. Ran, Rong & Zhang, Jie & Yang, Xiaoran & Chen, Yejing, 2024. "Can technological diversity drive firm resilience? Evidence from Chinese listed firms," Journal of Business Research, Elsevier, vol. 183(C).
  42. Umaima Imran, 2025. "Misallocation of Resources, Political Connections and External Flows," LCERPA Working Papers jc0151, Laurier Centre for Economic Research and Policy Analysis, revised Jan 2025.
  43. Alexandra Pripadcheva & Dmitriy Veselov, 2021. "Social Mobility And Preferences For Open Access Societies," HSE Working papers WP BRP 250/EC/2021, National Research University Higher School of Economics.
  44. Thomas Lambert & Wolf Wagner & Eden Quxian Zhang, 2023. "Banks, Political Capital, and Growth," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 12(3), pages 613-655.
  45. Li, Jie & Liu, Wanlin & Luo, Changyuan & Song, Hong, 2025. "Politicians' egalitarian cultural values and within-firm wage gaps: Evidence from China," Journal of Economic Behavior & Organization, Elsevier, vol. 236(C).
  46. Barbara Annicchiarico & Valentina Antonaroli & Alessandra Pelloni, 2022. "Optimal factor taxation in a scale free model of vertical innovation," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 794-830, April.
  47. Chu, Pengfei & Hou, Xiaojuan & Xie, Guanxia, 2025. "Political connections and bias in ESG news," Journal of Asian Economics, Elsevier, vol. 97(C).
  48. Fernando Alexandre & Miguel Chaves & Miguel Portela, 2025. "Investment grants and firms’ productivity: how effective is a grant booster shot?," Small Business Economics, Springer, vol. 64(4), pages 1601-1641, April.
  49. Bessonova, Evguenia, 2023. "Firms’ efficiency, exits and government procurement contracts," European Journal of Political Economy, Elsevier, vol. 76(C).
  50. Murat Alp Celik & Xu Tian, 2023. "Agency Frictions, Managerial Compensation, and Disruptive Innovations," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 16-38, December.
  51. Li, Mingyan & Tang, Xuepeng & Yu, Linhui, 2024. "Economic policy uncertainty and the demand for labor: Evidence from the online job postings of Chinese firms," International Review of Economics & Finance, Elsevier, vol. 96(PA).
  52. Hallward-Driemeier,Mary C. & Kochanova,Anna & Rijkers,Bob, 2020. "Does Democratization Promote Competition? : Indonesian Manufacturing Pre and Post Suharto," Policy Research Working Paper Series 9112, The World Bank.
  53. Huang, Shaoqing & Xie, Weisi & Xu, Xiaoshu, 2024. "Bureaucracy-business relationship, corruption and the implications for marketization," Journal of Comparative Economics, Elsevier, vol. 52(3), pages 634-644.
  54. Liang, Yanze & Giroud, Axèle & Rygh, Asmund & Chen, Zibang, 2025. "Political embeddedness and post-acquisition innovation in MNEs: The role of experiential learning," Journal of World Business, Elsevier, vol. 60(6).
  55. Baslandze, Salomé & Argente, David & Hanley, Douglas & Moreira, Sara, 2020. "Patents to Products: Product Innovation and Firm Dynamics," CEPR Discussion Papers 14692, Centre for Economic Policy Research.
  56. Josh Lerner, 2020. "Government Incentives for Entrepreneurship," NBER Chapters, in: Innovation and Public Policy, pages 213-235, National Bureau of Economic Research, Inc.
  57. Zhang, Haifeng & Guo, Ruitian, 2025. "How does the spatial agglomeration of human capital affect strategic innovation in China?," Journal of Asian Economics, Elsevier, vol. 96(C).
  58. Ufuk Akcigit & Stefanie Stantcheva, 2020. "Taxation and Innovation: What Do We Know?," NBER Chapters, in: Innovation and Public Policy, pages 189-212, National Bureau of Economic Research, Inc.
  59. Niu, Peng & Sun, Kun & Sun, Lirong & Chang, Chao-Wen, 2024. "The political economy and green innovation: A scientometric analysis," Innovation and Green Development, Elsevier, vol. 3(2).
  60. Krammer, Sorin M.S. & Jiménez, Alfredo, 2020. "Do political connections matter for firm innovation? Evidence from emerging markets in Central Asia and Eastern Europe," Technological Forecasting and Social Change, Elsevier, vol. 151(C).
  61. Yu Liu & Mohan Zhou & Faqin Lin & Lihua Gu, 2021. "Export as shelter from domestic corruption: Theory and evidence from developing countries," The World Economy, Wiley Blackwell, vol. 44(4), pages 930-955, April.
  62. Michal Andrle & Shafik Hebous & Alvar Kangur & Mehdi Raissi, 2021. "Correction to: Italy: toward a growth-friendly fiscal reform," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 38(1), pages 421-421, April.
  63. Cappelletti, Matilde & Giuffrida, Leonardo M., 2022. "Targeted bidders in government tenders," ZEW Discussion Papers 22-030, ZEW - Leibniz Centre for European Economic Research.
  64. Matilde Cappelletti & Leonardo M. Giuffrida & Gabriele Rovigatti, 2024. "Procuring Survival," Journal of Industrial Economics, Wiley Blackwell, vol. 72(4), pages 1451-1506, December.
  65. Sabrina Di Addario & Patrick Kline & Raffaele Saggio & Mikkel Soelvsten, 2022. "It ain't where you're from it's where you're at: firm effects, state dependence, and the gender wage gap," Temi di discussione (Economic working papers) 1374, Bank of Italy, Economic Research and International Relations Area.
  66. Drygalla, Andrej & Heinisch, Katja & Holtemöller, Oliver & Lindner, Axel & Schult, Christoph & Solms, Anna & Zeddies, Götz, 2025. "Wirkung der Verwendung der Mittel des Sondervermögens Infrastruktur und Klimaneutralität sowie der zusätzlichen Bundesmittel für Verteidigung, Zivil- und Bevölkerungsschutz auf das Potenzialwachstum in Mecklenburg-Vorpommern: Schriftliche Anhörung de," IWH Policy Notes 3/2025, Halle Institute for Economic Research (IWH).
  67. Chen, Yutong & Chiplunkar, Gaurav & Sekhri, Sheetal & Sen, Anirban & Seth, Aaditeshwar, 2025. "How do political connections of firms matter during an economic crisis?," Journal of Development Economics, Elsevier, vol. 175(C).
  68. Lamberova, Natalia, 2021. "The puzzling politics of R&D: Signaling competence through risky projects," Journal of Comparative Economics, Elsevier, vol. 49(3), pages 801-818.
  69. Bussolo, Maurizio & de Nicola, Francesca & Panizza, Ugo & Varghese, Richard, 2022. "Politically connected firms and privileged access to credit: Evidence from Central and Eastern Europe," European Journal of Political Economy, Elsevier, vol. 71(C).
  70. Joonkyu Choi & Veronika Penciakova & Felipe Saffie, 2021. "Political Connections, Allocation of Stimulus Spending, and the Jobs Multiplier," Finance and Economics Discussion Series 2021-005r1, Board of Governors of the Federal Reserve System (U.S.), revised Jul 2021.
  71. Steven Callander & Dana Foarta & Takuo Sugaya, 2022. "Market Competition and Political Influence: An Integrated Approach," Econometrica, Econometric Society, vol. 90(6), pages 2723-2753, November.
  72. Monica Martinez-Bravo & Leonard Wantchekon, 2021. "Political Economy and Structural Transformation: Democracy, Regulation and Public Investment," Working Papers wp2021_2110, CEMFI.
  73. Helian Xu & Shiqi Deng, 2024. "Digital Mergers and Acquisitions and Enterprise Innovation Quality: Analysis Based on Research and Development Investment and Overseas Subsidiaries," Sustainability, MDPI, vol. 16(3), pages 1-14, January.
  74. Ufuk Akcigit & Nathan Goldschlag, 2023. "Where Have All the "Creative Talents" Gone? Employment Dynamics of US Inventors," NBER Working Papers 31085, National Bureau of Economic Research, Inc.
  75. Konstantinos Dellis, 2023. "Lobbying and innovation in the European Union," Scottish Journal of Political Economy, Scottish Economic Society, vol. 70(4), pages 319-354, September.
  76. repec:ash:wpaper:141 is not listed on IDEAS
  77. Mr. Federico J Diez & Jiayue Fan & Carolina Villegas-Sánchez, 2019. "Global Declining Competition," IMF Working Papers 2019/082, International Monetary Fund.
  78. Lily Fang & Josh Lerner & Chaopeng Wu & Qi Zhang, 2018. "Corruption, Government Subsidies, and Innovation: Evidence from China," NBER Working Papers 25098, National Bureau of Economic Research, Inc.
  79. Matteo Ficarra, 2024. "Public Spending, Green Growth, and Corruption: a Local Fiscal Multiplier Analysis for Italian Provinces," IHEID Working Papers 11-2024, Economics Section, The Graduate Institute of International Studies.
  80. Villegas-Sanchez, Carolina & Díez, Federico & Fan, Jiayue, 2019. "Global Declining Competition," CEPR Discussion Papers 13696, C.E.P.R. Discussion Papers.
  81. Wang, Long & Ji, Wenjun & Zhang, Teng & Liu, Xiaoqian, 2025. "Does distance from government hinder enterprises’ OFDI?Evidence from China," Economic Systems, Elsevier, vol. 49(2).
  82. Xiaojuan Zhang & Yizhen Guo & Tiancheng Chi, 2025. "Navigating legal responsibilities in politically connected firms: Insights into the influence of directors' and officers' insurance on litigation risk," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(1), pages 545-559, January.
  83. Andrea De Meo & Lorenzo Ferrari, 2018. "Political Turnover and the Performance of Local Public Enterprises," CEIS Research Paper 438, Tor Vergata University, CEIS, revised 08 Aug 2018.
  84. Alexandre, Fernando & Chaves, Miguel & Portela, Miguel, 2022. "Investment Grants and Firms' Productivity: How Effective Is a Grant Booster Shot?," IZA Discussion Papers 15779, IZA Network @ LISER.
  85. Basihos, Seda, 2025. "(Market) power is (political) power! The pressure of declining competition on democracy," Journal of Comparative Economics, Elsevier, vol. 53(4), pages 1092-1117.
  86. Zhongju Liao & Mengnan Zhang & Jie Chen, 2025. "How Does Government Supervision Affect Firms' Environmental Innovation? The Role of Attention Allocation and Political Connections," Business Strategy and the Environment, Wiley Blackwell, vol. 34(8), pages 10844-10855, December.
  87. Zhuocheng Lu, 2024. "Political Connection and the Executive-employee Pay Gap: An Institutional Economics Perspective," Review of Economic Assessment, Anser Press, vol. 3(2), pages 16-34, June.
  88. Wan, Lihong & Zhang, Panpan & Lin, Qi, 2023. "The loss of political connections and corporate financialization," Finance Research Letters, Elsevier, vol. 57(C).
  89. Yu-Hong Ai & Di-Yun Peng & Huan-Huan Xiong, 2021. "Impact of Environmental Regulation Intensity on Green Technology Innovation: From the Perspective of Political and Business Connections," Sustainability, MDPI, vol. 13(9), pages 1-23, April.
  90. Michelson, Noam, 2023. "The revolving door of former civil servants and firm value: A comprehensive approach," European Journal of Political Economy, Elsevier, vol. 79(C).
  91. Gianluca Cerruti, 2024. "Politics and city growth in Italy: Do connections matter?," Economics of Governance, Springer, vol. 25(4), pages 415-485, December.
  92. Bai, Caiquan & Xie, Dongshui & Zhang, Yuwei, 2024. "Industrial land transfer and enterprise pollution emissions: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 181-194.
  93. Gao, Ya & Li, Bing & Sun, Weizeng, 2023. "Resource curse on innovation: A perspective on local mining industry monopolies in resource-based cities in China," China Economic Review, Elsevier, vol. 81(C).
  94. Andrea Fracasso & Valentina Peruzzi & Chiara Tomasi, 2024. "Multiple banking relationships: the role of firm connectedness," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 33(5), pages 1231-1252.
  95. Sergio G. Lazzarini, 2025. "The Strategic Imperative: Do We Need Normative Considerations in Strategic Theories of Stakeholder Engagement?," Strategy Science, INFORMS, vol. 10(4), pages 300-315, December.
  96. Caselli, Mauro & Falco, Paolo, 2022. "Your vote is (no) secret! How low voter density hurts anonymity and biases elections in Italy," European Journal of Political Economy, Elsevier, vol. 75(C).
  97. Yu, Xin & Zheng, Ying, 2019. "The value of political ties for firms experiencing enforcement actions: Evidence from China," The British Accounting Review, Elsevier, vol. 51(1), pages 24-45.
  98. Óscar Afonso & Pedro G. Lima & Tiago Sequeira, 2022. "The effects of automation and lobbying in wage inequality: a directed technical change model with routine and non-routine tasks," Journal of Evolutionary Economics, Springer, vol. 32(5), pages 1467-1497, November.
  99. Tingting Hu & Kun You & Char-Lee Lok, 2025. "State ownership, political connection and ESG performance," Risk Management, Palgrave Macmillan, vol. 27(1), pages 1-33, February.
  100. Alam, Ahmed W. & Houston, Reza, 2025. "Politically connected suppliers and firm financial stability," Economics Letters, Elsevier, vol. 254(C).
  101. Matteo Bugamelli & Francesca Lotti & Monica Amici & Emanuela Ciapanna & Fabrizio Colonna & Francesco D�Amuri & Silvia Giacomelli & Andrea Linarello & Francesco Manaresi & Giuliana Palumbo & Filippo , 2018. "Productivity growth in Italy: a tale of a slow-motion change," Questioni di Economia e Finanza (Occasional Papers) 422, Bank of Italy, Economic Research and International Relations Area.
  102. Long,Cheryl Xiaoning & Xu,L. Colin & Yang,Jin, 2020. "Business Environment and Dual-Track Private Sector Development : China's Experience in Two Crucial Decades," Policy Research Working Paper Series 9161, The World Bank.
  103. Adamu Jibir & Hassan Zada & Musa Abdu & Naveed Khan, 2023. "Financial Development And Innovationled Economic Growth: Empirical Insight From Sub-Saharan Africa," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 68(237), pages 97-136, April – J.
  104. Krammer, Sorin & Jimenez, Alfredo, 2019. "Do political connections matter for firm innovation? Evidence from emerging markets in Central Asia and Eastern Europe," MPRA Paper 94942, University Library of Munich, Germany.
  105. Simon Luechinger & Mark Schelker & Lukas Schmid, 2025. "Do Firms Hire Politicians as Directors? Evidence from Close Elections," CESifo Working Paper Series 12019, CESifo.
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