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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...

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Published in: SSRN Electronic Journal
ISSN: 1556-5068
Published: 2018
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URI: https://cronfa.swan.ac.uk/Record/cronfa51896
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first_indexed 2019-09-13T20:30:06Z
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spelling 2019-09-23T13:35:54.6967067 v2 51896 2019-09-13 Are Politically Connected Firms Turtles or Gazelles? Evidence from the Egyptian Uprising 2930976ccf31ef0c71f78f7cb47e2d5d Hany Mohamed Hany Mohamed true false 2019-09-13 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. Journal Article SSRN Electronic Journal 1556-5068 Political Connections, Job Creation, Egypt, Arab Spring 31 12 2018 2018-12-31 10.2139/ssrn.3166302 COLLEGE NANME COLLEGE CODE Swansea University 2019-09-23T13:35:54.6967067 2019-09-13T18:53:30.9129726 Faculty of Humanities and Social Sciences School of Management - Economics Hassan Youssef Aly 1 Hany Abdel-Latif 2 Hany Mohamed 3 0051896-13092019185431.pdf Abdel-LatifAly2019politically.pdf 2019-09-13T18:54:31.0670000 Output 534497 application/pdf Author's Original true 2019-09-13T00:00:00.0000000 true eng
title Are Politically Connected Firms Turtles or Gazelles? Evidence from the Egyptian Uprising
spellingShingle Are Politically Connected Firms Turtles or Gazelles? Evidence from the Egyptian Uprising
Hany Mohamed
title_short Are Politically Connected Firms Turtles or Gazelles? Evidence from the Egyptian Uprising
title_full Are Politically Connected Firms Turtles or Gazelles? Evidence from the Egyptian Uprising
title_fullStr Are Politically Connected Firms Turtles or Gazelles? Evidence from the Egyptian Uprising
title_full_unstemmed Are Politically Connected Firms Turtles or Gazelles? Evidence from the Egyptian Uprising
title_sort Are Politically Connected Firms Turtles or Gazelles? Evidence from the Egyptian Uprising
author_id_str_mv 2930976ccf31ef0c71f78f7cb47e2d5d
author_id_fullname_str_mv 2930976ccf31ef0c71f78f7cb47e2d5d_***_Hany Mohamed
author Hany Mohamed
author2 Hassan Youssef Aly
Hany Abdel-Latif
Hany Mohamed
format Journal article
container_title SSRN Electronic Journal
publishDate 2018
institution Swansea University
issn 1556-5068
doi_str_mv 10.2139/ssrn.3166302
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Economics{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Economics
document_store_str 1
active_str 0
description 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.
published_date 2018-12-31T04:03:57Z
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score 11.013171