Please use this identifier to cite or link to this item: https://repository.iimb.ac.in/handle/2074/14346
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dc.contributor.authorAwasthi, Kshitij
dc.contributor.authorYayavaram, Sai
dc.contributor.authorGeorge, Rejie
dc.date.accessioned2020-08-31T14:55:54Z-
dc.date.available2020-08-31T14:55:54Z-
dc.date.issued2016
dc.identifier.urihttps://repository.iimb.ac.in/handle/2074/14346-
dc.description.abstractWhile extant literature has discussed the benefits that corporate political strategies provide to firms, the mechanisms for such benefits remain largely unexplored. Prior work has examined a few mechanisms, such as access to finance and corporate bailouts through which political connections create rents for firms. Further, prior work has suggested that political connections provide micro and episodic benefits in the form of help with acquiring licenses, permits, land and infrastructure for new projects and meeting compliance requirements for on-going projects. Utilizing a unique dataset of projects undertaken by Indian firms, we empirically examine such benefits by considering two important project-level outcomes – new project announcements and project costs. We find that politically connected firms make significantly higher new project announcements and have lower project costs. We also find that state-level political connections are more beneficial than national-level political connections in enabling these benefits.
dc.subjectPolitical science
dc.subjectPolitical connections
dc.titleRole of political connections in strategy execution: Project announcements and project costs
dc.typePresentation
dc.relation.conference4th Pan-IIM World Management Conference, 13-15 December, 2016, IIM Ahmedabad
Appears in Collections:2010-2019 P
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