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A Peer-reviewed scientific articles/A1 Journal article (refereed), original research

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Politically connected firms in Poland and their access to bank financing, Communist and Post-Communist Studies 4 (2017). Hasan, Iftekhar; Jackowicz, Krzysztof; Kowalewski, Oskar; Kozlowski, Lukasz


Category A Peer-reviewed scientific articles
Sub-category A1 Journal article (refereed), original research
auki Internal authors
All authors as text Hasan, Iftekhar; Jackowicz, Krzysztof; Kowalewski, Oskar; Kozlowski, Lukasz 
Number of authors 4 
Status Published
Year of publication 2017 
Date 05.12.2017 
Name of article Politically connected firms in Poland and their access to bank financing 
Name of journal Communist and Post-Communist Studies
Volume of issue 50 
Number of issue 4 
Pages 245–261 
Abstract This paper characterizes politically connected firms and their access to bank financing. We determine that the relationship between political connections and access to long-term bank loans is weaker in Poland than in other emerging economies. The most probable explanation for this result is related to the instability of the political climate in Poland. We find that only certain kinds of political connections, such as recent connections, positively influenced access to bank financing during the sample period from 2001 to 2011. Moreover, we obtain also some evidence that the value of political connections increased during the 2007 crisis period and onward.
Free text descriptor in Finnish yritykset; rahoitus; politiikka; suhteet; pankkitoiminta; luotot; Puola; rahoitusmarkkinat; 
Free text descriptor in English Political connections; Bank financing; Global financial crisis 
ISSN / e-ISSN 0967-067X 
auki Internet addresses
Additional information Published online 7 November 2017
Notes BOFIT DP 2/2014 
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