Fu, J, D Shimamoto, and Y Todo (2015), “Can Firms with Political Connections Borrow More Than Those Without? Evidence from Firm-Level Data for Indonesia”, Research Institute of Economy, Trade and Industry (RIETI),

It has been widely argued that firms obtain loans with relaxed terms if they are politically connected. This column presents evidence from Indonesia that firms whose owners or directors have a personal relationship with a politician are more likely to have their loans approved by state-owned banks, and are more likely to receive the full amount applied for. However, the labour productivity of such firms is on average lower. This suggests that in some cases, politically connected lending may distort the efficiency of resource allocation and be detrimental to economic development.

http://www.voxeu.org/article/development-and-political-connections-firms