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Cited by 328

The DOI matches its Crossref record; 62 of the 62 references it cites were found in a registry or an index.

Political Connections and Allocative Distortions

Open access
SCHOENHERR, DAVID·2019·The Journal of Finance
DOI 10.1111/jofi.12751
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Abstract

Exploiting a unique institutional setting in Korea, this paper documents that politicians can increase the amount of government resources allocated through their social networks to the benefit of private firms connected to these networks. After winning the election, the new president appoints members of his networks as CEOs of state‐owned firms that act as intermediaries in allocating government contracts to private firms. In turn, these state firms allocate significantly more procurement contracts to private firms with a CEO from the same network. Contracts allocated to connected private firms are executed systematically worse and exhibit more frequent cost increases through renegotiations.

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Crossref · 10.1111/jofi.12751

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Metadata

Authors
SCHOENHERR, D.
Venue
The Journal of Finance
Publisher
Wiley
Published
2019-01-07
Volume
74
Issue
2
Pages
543-586
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/jofi.12751
OpenAlex
W3123975035
Cited by
328
References
62
FWCI
42.32
Type
journal article
Language
en
Open access
green

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Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.