Doing business while holding public office: Evidence from Mozambique’s firm registry
Publikation: Working paper › Forskning
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Doing business while holding public office : Evidence from Mozambique’s firm registry. / Jones, Edward Samuel; Schilling, Felix; Tarp, Finn.
2021. udg. University of Copenhagen, 2021.Publikation: Working paper › Forskning
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TY - UNPB
T1 - Doing business while holding public office
T2 - Evidence from Mozambique’s firm registry
AU - Jones, Edward Samuel
AU - Schilling, Felix
AU - Tarp, Finn
PY - 2021
Y1 - 2021
N2 - We link the universe of owners of businesses formally registered in Mozambique since Independence to a new database of politically exposed persons. Recreating the dynamic network of ties between firm owners, we estimate the value of party political and executive mandates to their personal business interests. We find holders of political office attain significantly faster growth not only in the number of companies they own but also in their structural power within the business-owner network, as measured by their ‘godfather centrality’. Such growth is concentrated in joint-stock firms active in trade and finance sectors and is even larger once we aggregate the analysis to the family-name level. This is consistent with politicians accumulating private sector wealth by acting as rentier-brokers.
AB - We link the universe of owners of businesses formally registered in Mozambique since Independence to a new database of politically exposed persons. Recreating the dynamic network of ties between firm owners, we estimate the value of party political and executive mandates to their personal business interests. We find holders of political office attain significantly faster growth not only in the number of companies they own but also in their structural power within the business-owner network, as measured by their ‘godfather centrality’. Such growth is concentrated in joint-stock firms active in trade and finance sectors and is even larger once we aggregate the analysis to the family-name level. This is consistent with politicians accumulating private sector wealth by acting as rentier-brokers.
KW - Faculty of Social Sciences
KW - firm registry
KW - beneficial ownership
KW - political connections
KW - rent-seeking
KW - Mozambique
M3 - Working paper
VL - 8
BT - Doing business while holding public office
PB - University of Copenhagen
ER -
ID: 259874410