Ties to Unbind Political Ties and Firm Sell-Offs During Institutional Transition

JOURNAL OF MANAGEMENT, pp. 2005-2036, 2017.

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Abstract:

We examine how formal interlocking political ties between business leaders and political actors affect sell-off strategy of firms in emerging markets. We propose that political ties substitute for underdeveloped institutions and provide firms with market intermediation, influence over political actors, and access to resources. These benef...More

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