Cross-country differences in the effect of political connections on stock price informativeness
Using aninternational sample of firms from 28 countries, we document that there existsa negative relationship between political connections and the informativenessof stock price, as measured by idiosyncratic volatility (IV). This finding isrobust to alternative regression specifications, sub-samples...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2018
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1780 https://ink.library.smu.edu.sg/context/soa_research/article/2807/viewcontent/PolConn_EAA2018.pdf |
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| Institution: | Singapore Management University |
| Language: | English |