Political connections, bailout in financial markets and firm value

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Political connections, bailout in financial markets and firm value

The paper shows that politically motivated interventions in the financial market in the form of bailing out borrowing firms reduce banks’ incentives to gather valuable information about firms’ projects. This loss of information is a hidden cost which adversely affects firm value. Firms invest resour...

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Bibliographic Details
Main Authors:	Banerji, Sanjay, Duygun, Meryem, Shaban, Mohamed
Format:	Article
Published:	Elsevier 2016
Subjects:	Bank monitoring information production Bailout political connection
Online Access:	https://eprints.nottingham.ac.uk/40414/

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