政治关联的地方政府

Politically Connected Governments

Journal of Accounting Research · 2020
被引 33
人大 AFT50UTD24ABS 4*

中文导读

研究发现,与有权势的国会议员存在政治关联的地方政府会降低对公共资源的监管,这种效应是因果性的,且关联带来的额外资源使官员在减少监管时不影响连任前景。

Abstract

ABSTRACT This paper examines the consequences of powerful political connections for local governments. We find that governments located within the constituencies of, and thus connected to, powerful congressional members reduce their stewardship over public resources. Using plausibly exogenous declines in the power of congressional representation, we show that the effect is causal. To better understand why connected local governments can reduce stewardship, we study electoral characteristics. Our findings suggest that the increased resources that come with powerful congressional representation allow local‐government officials to reduce stewardship without material adverse effects on their reelection prospects. In sum, we provide evidence of a cost of political connections: they weaken local governments' incentives to act in a socially optimal manner.

政治关联地方政府公共资源管理选举激励