Political connections and firm value: Evidence from the regression discontinuity design of close gubernatorial elections
Using the regression discontinuity design of close gubernatorial elections in the U.S., we identify a significant and positive impact of the social networks of corporate directors and politicians on firm value. Firms connected to elected governors increase their value by 3.89%. Political connections...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2015
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5662 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6661/viewcontent/PoliticalConnections_FirmValue_2015_wp.pdf |
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| Institution: | Singapore Management University |
| Language: | English |