Amihai Glazer, professor of economics at the University of California, Irvine, writes, "A study of government bailouts from 35 countries during 1997–2002 finds that politically connected firms are more likely to be bailed out than similar, but non-connected, firms. Further, among bailed-out firms, those that are politically connected show worse financial performance at the time of and following the bailout. So, the current bailouts can be vitally important now. But don’t expect them to much help the economic recovery when it comes."

For the full story, please visit https://www.ocregister.com/2020/05/16/bailouts-dont-save-jobs-amihai-glazer/.

 

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