G2TT
来源类型Discussion paper
规范类型论文
来源IDDP17424
DP17424 The Power of Connections: Colonialism, Nationalism, and Corporate Performance in Egypt, 1890 - 1950
Mohamed Saleh; Cihan Artunc
发表日期2022-07-02
出版年2022
语种英语
摘要The impact of political connections on firm performance has been widely studied. It is less known though whether this effect varies under the colonial and post-independence eras. Inspired by a nationalist agenda aiming at establishing an indigenous business elite, post-independence regimes often used connections with the emerging national private sector to counter the influence of established larger colonial-era foreign corporations. Using novel fine-grained data covering the universe of corporations, founders, and members of parliament and cabinet in colonial (1890–1923) and post-independence Egypt (1924–1950), we document that connections to the Egyptian political class lowered firm value before independence but increased it afterwards. Connections became lucrative after independence because they lowered entry rates in the industry, expedited the state authorization of incorporation, and reduced the exit hazard even after losses.
主题Economic History ; Political Economy
关键词Political connections Colonialism Firm dynamics Nationalism
URLhttps://cepr.org/publications/dp17424-0
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/546508
推荐引用方式
GB/T 7714
Mohamed Saleh,Cihan Artunc. DP17424 The Power of Connections: Colonialism, Nationalism, and Corporate Performance in Egypt, 1890 - 1950. 2022.
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