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How do corporate political connections influence financial reporting? A synthesis of the literature
Journal of Accounting and Public Policy ( IF 3.3 ) Pub Date : 2020-11-28 , DOI: 10.1016/j.jaccpubpol.2020.106802
Susanne Preuss , Roland Königsgruber

A large stream of research has analyzed the effects of corporate political connections (CPCs) on firms, including first evidence on their effects on financial reporting behavior. However, the evidence so far is inconclusive, and attempts to explain the causality of effects on reporting are limited. In this article, we present the results of a systematic review of the literature on CPCs. We draw on findings in the accounting, finance, and economics literature and derive a framework that identifies four channels through which CPCs affect financial reporting. Our review of the literature suggests that effects of political connections tend to be more ambiguous than suggested by individual studies that often offer directional hypotheses. We also identify eight distinct types of political connectedness and discuss their interrelations and the proxies used in the literature to measure them.



中文翻译:

公司的政治联系如何影响财务报告?文献综述

大量研究已经分析了公司政治联系(CPC)对公司的影响,包括有关其对财务报告行为影响的初步证据。但是,到目前为止,证据尚无定论,解释报告影响的因果关系的尝试有限。在本文中,我们介绍了对CPC文献的系统综述。我们借鉴了会计,金融和经济学文献中的发现,并得出了一个框架,该框架确定了每次点击费用影响财务报告的四个渠道。我们对文献的回顾表明,政治联系的影响往往比经常提供方向性假设的个人研究所暗示的更为模糊。

更新日期:2020-11-28
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