The Impact of Political Connections on the Performance and Solvency of Canadian Financial Institutions
Keyword(s):
<p style="margin: 0cm 0cm 0pt; text-align: justify; line-height: 150%;">This article’s main goal is to analyze the impact of political connections on the financial performance of Canadian financial institutions. Data on Canadian financial institutions from the S&P/TSX Composite Index over a five-year period was analyzed, and the results demonstrate that contrary to previous studies on companies in other industries, political connections had a negative influence on solvency, return on assets and return on equity for these Canadian financial institutions. Only the market-to-book ratio was positively and significantly influenced by political connections.</p>
2019 ◽
Vol 7
(4)
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pp. 62
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2020 ◽
Vol 9
(2)
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pp. 144-149
2019 ◽
Vol 8
(3)
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pp. 7460-7464
2020 ◽
Vol 11
(4)
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pp. 70-89