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Are Politically Connected Firms Turtles or Gazelles? Evidence from the Egyptian Uprising
Hassan Youssef Aly,
Hany Abdel-Latif,
Hany Mohamed
SSRN Electronic Journal
Swansea University Author: Hany Mohamed
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DOI (Published version): 10.2139/ssrn.3166302
Abstract
Using an original firm-level dataset and utilizing the incidence of the Egyptian uprising of 2011, this paper provides an empirical investigation of the effects of firms' political connections on employment growth in Egypt. We use the differences in differences (DiD) framework to compare employ...
| Published in: | SSRN Electronic Journal |
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| ISSN: | 1556-5068 |
| Published: |
2018
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| Online Access: |
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa51896 |
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| Abstract: |
Using an original firm-level dataset and utilizing the incidence of the Egyptian uprising of 2011, this paper provides an empirical investigation of the effects of firms' political connections on employment growth in Egypt. We use the differences in differences (DiD) framework to compare employment growth in both politically connected firms (PCFs) and their unconnected counterparts before and after the Egyptian uprising. To minimize possible bias in the DiD estimation due to dealing with a heterogeneous group of firms, we apply the propensity score matching (PSM). We find that politically connected firms have decreased their job creation after the uprising. |
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| Keywords: |
Political Connections, Job Creation, Egypt, Arab Spring |
| College: |
Faculty of Humanities and Social Sciences |