Political connections and zoning of ABC service stations
Heli Huvinen's Finance Master's thesis “Easy as ABC? Political connections and zoning of service station stores” investigates whether the political connections of the S Group coincide with more favorable zoning decisions for the S Group owned ABC service stations compared to the service stations of their less politically connected peers.
The results show that the political connections of S Group are widespread during the entire examination period. However, the findings do not support the conclusion that the political connections of the group would have systemically affected the municipalities’ zoning decisions concerning ABC service station stores. The analysis shows that ABC service station stores are located in better operating areas than their competitors, but S Group’s political connections are not found to be associated with this dominance.
Download the thesis. (pdf, 710 KB)
Professor Matti Keloharju, matti.keloharju [at] aalto [dot] fi, +358 40 353 8043
Communications, viestinta-econ [at] aalto [dot] fi, +358 50 349 1263