Plausibly Exogenous - Reaching for Influence (08/06/2021)
LHS Variable
Terms of loans
RHS Variable
Political connections
Source of Exogenous Variation
Close elections, defined as those in which the victory margin is less than 5%, which constitutes a change in a firm's political network
- Kaviani, Maleki, and Savor (2021), “Reaching for Influence: Do Banks Use Loans to Establish Political Connections?”