Do politicians affect firm outcomes? : evidence from connections to the German Federal Parliament / André Diegmann, Laura Pohlan, Andrea Weber ; editor: Halle Institute for Economic Research (IWH) - Member of the Leibniz Association
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Do politicians affect firm outcomes? : evidence from connections to the German Federal Parliament (rev. ed., May 2026)
Discovery
1971303674
URN
urn:nbn:de:gbv:3:2-123456789-1191541
DOI
ISBN
ISSN
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Publication history
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, 2026
Content
1 Online-Ressource (III, 67 Seiten, 1,42 MB) : Diagramme
Edition
This version: 18.05.2026
Language
eng
Comment
Literaturverzeichnis: Seite 36-38
Abstract
We examine how connections to German federal parliamentarians influence firm dynamics using a novel dataset linking politicians and election candidates to the universe of firms. To identify the causal effects of political access, we exploit (i) new appointments to the company leadership team and (ii) discontinuities around the marginal seat of party election lists. Results reveal that political connections reduce firm exits and gradually increase employment growth, with heterogeneous productivity effects depending on the political mandate. Incorporating data on credit ratings, subsidies, and procurement contracts allows us to identify the mechanisms driving the effects over the politician’s career.
Series
IWH discussion papers ; 2024, no. 15 (May 2024) [rev.] ppn:837399270