Artikel
Political connectedness and financial performance of SMEs
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.
- Language
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Englisch
- Bibliographic citation
-
Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 15 ; Year: 2022 ; Issue: 12 ; Pages: 1-17
- Classification
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Management
- Subject
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Estonia
failure risk
firm boards
firm financial performance
party members
payment defaults
political connectedness
- Event
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Geistige Schöpfung
- (who)
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Ashyrov, Gaygysyz
Lukason, Oliver
- Event
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Veröffentlichung
- (who)
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MDPI
- (where)
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Basel
- (when)
-
2022
- DOI
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doi:10.3390/jrfm15120600
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Ashyrov, Gaygysyz
- Lukason, Oliver
- MDPI
Time of origin
- 2022
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