Back to Search
Start Over
Political Connectedness and Financial Performance of SMEs.
- Source :
- Journal of Risk & Financial Management; Dec2022, Vol. 15 Issue 12, p600, 17p
- Publication Year :
- 2022
-
Abstract
- The extant literature on the association of political connectedness and performance of large firms has led to controversial results, while the context of micro-, small- and medium-sized enterprises (SMEs) has largely been overlooked in relevant studies. To resolve these gaps, the objective of this paper is to study the link between the political connections of firm board members and financial performance in the Estonian SME population. Using a wide selection of financial performance and political connectedness variables, the composed regressions indicated that firms with politically connected boards underperform their unconnected counterparts. The findings remained robust not only through different measures of dependent and independent variables, but also periods studied. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 19118066
- Volume :
- 15
- Issue :
- 12
- Database :
- Complementary Index
- Journal :
- Journal of Risk & Financial Management
- Publication Type :
- Academic Journal
- Accession number :
- 161008397
- Full Text :
- https://doi.org/10.3390/jrfm15120600