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ID:
159502
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| Summary/Abstract |
Do businesspeople who win elected office use their positions to help their firms? Business leaders become politicians around the world, yet we know little about whether their commitment to public service trumps their own private interests. Using an original dataset of 2,703 firms in Russia, I employ a regression discontinuity design to identify the causal effect of firm directors winning seats in subnational legislatures from 2004 to 2013. First, having a connection to a winning politician increases a firm’s revenue by 60% and profitability by 15% over a term in office. I then test between different mechanisms, finding that connected firms improve their performance by gaining access to bureaucrats and not by signaling legitimacy to financiers. The value of winning a seat increases in more politically competitive regions but falls markedly when more businesspeople win office in a convocation. Politically connected firms extract fewer benefits when faced with greater competition from other rent-seekers.
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| 2 |
ID:
193980
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| Summary/Abstract |
Multidimensional relations have protected Turkey and Israel from the effects of political crises. The main question of this article is how Turkey-Israel relations impact Turkish Jews business representatives. Interviews with Turkish Jewish businesspeople, who are primarily influenced by the developments in foreign policy due to their international business volumes, answered the question of how Turkish Jews were influenced by foreign policy, and emphasised the importance of minorities in foreign policy issues. The article explores the role of minorities in foreign policy and sheds light on how ethnic minorities, who are viewed as secondary agents in foreign policy, are influenced by the Turkey-Israel relations.
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