Political connections and operational performance of non-financial firms: New evidence from Poland

摘要: Abstract This study analyses the impact of political connections on operational performance non-financial firms in Poland. Using a data set covering 2001–2011 period, we find that lower firm profitability, as measured level income from sales. The negative is strongest when possesses multiple connections, has politically connected members its supervisory board, or employs ex-politicians with central government experience. Therefore, our findings do not support claims based resource dependence theory. Polish market's specificity most likely related to instability scene.