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FIRM‐LEVEL DETERMINANTS OF POLITICAL INFLUENCE
Author(s) -
CHONG ALBERTO,
GRADSTEIN MARK
Publication year - 2010
Publication title -
economics and politics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.822
H-Index - 45
eISSN - 1468-0343
pISSN - 0954-1985
DOI - 10.1111/j.1468-0343.2009.00355.x
Subject(s) - endogeneity , competition (biology) , government (linguistics) , politics , business , quality (philosophy) , perception , survey data collection , public economics , economics , political science , econometrics , ecology , linguistics , philosophy , statistics , mathematics , epistemology , neuroscience , law , biology
This paper uses a large cross‐country survey of business firms to assess their influence on government policies. When controlling for endogeneity, we find that such an influence is associated with larger firms and to a lesser extent with government ownership, but not with the degree of competition. We also find that firms' perception of being politically influential is enhanced with the country's level of institutional quality.