Трифонов Дмитрий Александрович Влияние политических связей на стоимость российских компаний

Краткое описание

Трифонов Дмитрий Александрович Влияние политических связей на стоимость российских компаний
ОГЛАВЛЕНИЕ ДИССЕРТАЦИИ
кандидат наук Трифонов Дмитрий Александрович
TABLE OF CONTENTS

INTRODUCTION

1 POLITICAL CONNECTIONS: THEORETICAL FOUNDATIONS AND EMPIRICAL

OUTLET

1.1 Outline of the research history

1.2 The theoretical foundations of empirical studies in political connections

1.3 Economic rent as a result of political connections

1.4 The state of the art in empirical studies on political connections

1.5 Political connections in Russia: institutional settings and previous literature

1.6 How Russian corporations are governed

1.7 Summary of Chapter

2 DEFINING, IDENTIFYING, AND QUANTIFYING POLITICAL CONNECTIONS

2.1 Definition of political connections

2.1.1 How political connections are defined in international studies

2.1.2 What does this research mean by political connections

2.1.3 Political connections and state ownership

2.2 Identification of political connections

2.2.1 General principles

2.2.2 Mapping to the list of the top government officials of Russia

2.2.3 Lexical analysis

2.2.3.1 The logic of lexical analysis

2.2.3.2 The mechanism of the lexical analysis

2.2.3.3 The tokens

2.2.4 Manual control

2.3 Quantification of political connections

2.4 Sample

2.5 Summary of Chapter

3 THE DISTRIBUTION OF CORPORATE POLITICAL CONNECTIONS IN RUSSIA

3.1 The scales of political connections

3.2 The dynamics of political connectedness

3.3 The role of state ownership in political connections

3.4 The role of directors in political connections

3.5 The role of industry affiliation in political connections

3.6 The role of firm age in political connections

3.7 The role of spatial location in political connections

3.8 Summary of Chapter

4 THE VALUE OF CORPORATE POLITICAL CONNECTIONS IN RUSSIA

4.1 Event study methodology

4.1.1 Event studies as a method of evaluating political connections

4.1.2 Calculating abnormal stock returns

4.1.3 Testing the significance of stock market reaction

4.2 Value effects of political connections

4.2.1 The total value of political connections

4.2.2 The value of political connections through directorship

4.2.3 The value of political connections through ownership

4.2.4 The value of political connections in SOEs vs. non-SOEs

4.2.5 The value of political connections before and after

4.2.6 Robustness tests

4.2.6.1 Testing with a control group

4.2.6.2 Testing on a developed stock market

4.3 Summary of Chapter

CONCLUSION

ACKNOWLEDGMENTS

REFERENCES

APPENDIX