作者:Pontificia Universidad Catolica de Chile; City St Georges, University of London
摘要:We show that the sale of state-owned firms in dictatorships can help political corporations to emerge and persist over time. Using new data, we characterize Pinochet's privatizations in Chile and find that some firms were sold underpriced to politically connected buyers. These newly private firms benefited financially from the Pinochet regime. Once democracy arrived, they formed connections with the new government, financed political campaigns, and were more likely to appear in the Panama Pape...
作者:University System of Maryland; University of Maryland College Park
作者:Federal Reserve System - USA; Federal Reserve Bank - St. Louis
作者:University of Warwick; University of Washington; University of Washington Seattle; Chapman University System; Chapman University
作者:Yale University; Tulane University
作者:Columbia University; University of California System; University of California Los Angeles
作者:Wellesley College; Northwestern University
作者:United States Department of Defense; United States Navy; Naval Postgraduate School; University of Warwick