Political Connection And Firm Performance Of Thai-Listed Companies
Politically connected listed firms may advantage as a result of certain regulatory conditions and competence to access the resources such as bank loans, debt financing and strong marketing competition which lead to increases the firms performance. This study investigate the impacts of political connection on firm performance of listed firms in The Stock Exchange of Thailand (SET). Spanning the period 2006 to 2014. The fixed-effects panel regression analysis is used in the study to test the relationship between political connection and firm performance. The result of the study found that political connection associated negatively and statistically with firm performance on the study sample.
Index Terms� Political Connection, Firm Performance.