Essays on Firms and Political Connections in Indonesia

dc.contributor.advisorJones, Garett
dc.contributor.authorShidiq, Akhmad Rizal
dc.creatorShidiq, Akhmad Rizal
dc.date.accessioned2017-01-29T01:13:04Z
dc.date.available2017-01-29T01:13:04Z
dc.date.issued2016
dc.description.abstractIn the first chapter, I show evidence of credit-market imperfection in Indonesia: investment spending is sensitive to firm cash flow. These imperfections are stronger for firms that are not politically connected to former president Suharto. This result generally holds for a variety of controls. This result also underscores the importance of political connections in providing firms with preferential access to the external financing commonly found in developing economies. The removal of Suharto from power in 1998 did not substantially reduce the value of a Suharto connection, and may have strengthened the value of such a connection. This highlights the possible durability of political connections in the credit market.

dc.format.extent148 pages
dc.identifier.urihttps://hdl.handle.net/1920/10544
dc.language.isoen
dc.rightsCopyright 2016 Akhmad Rizal Shidiq
dc.subjectEconomics
dc.subjectBusiness group
dc.subjectFirms
dc.subjectIndonesia
dc.subjectPolitical connections
dc.titleEssays on Firms and Political Connections in Indonesia
dc.typeDissertation
thesis.degree.disciplineEconomics
thesis.degree.grantorGeorge Mason University
thesis.degree.levelPh.D.

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