Political Connections and Corporate Bailouts

  title={Political Connections and Corporate Bailouts},
  author={M C S R Faccio and RONALD W. MASULIS and John J. McConnell},
We analyze the likelihood of government bailouts of 450 politically connected firms from 35 countries during 1997–2002. Politically connected firms are significantly more likely to be bailed out than similar nonconnected firms. Additionally, politically connected firms are disproportionately more likely to be bailed out when the International Monetary Fund… CONTINUE READING

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