Out of Sight, Out of Mind: The Value of Political Connections in Social Networks

Out of Sight, Out of Mind: The Value of Political Connections in Social Networks

This paper investigates the impact of social-network connections to politicians on firm value. We focus on the networks of university classmates and alumni among directors of U.S. public firms and congressmen. Using the Regression Discontinuity Design based on close elections from 2000 to 2008, we i...

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Bibliographic Details
Main Authors: DO, Quoc-Anh, NGUYEN, Bang Dang, LEE, Yen Teik, NGUYEN, Kieu-Trang
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2011
Subjects:
Social network
political connection
close election
regression discontinuity design
firm value.
Finance
Political Economy
Online Access:https://ink.library.smu.edu.sg/soe_research/1322
https://ink.library.smu.edu.sg/context/soe_research/article/2321/viewcontent/PolDirFirmVal_11Sept2011.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/1322
https://ink.library.smu.edu.sg/context/soe_research/article/2321/viewcontent/PolDirFirmVal_11Sept2011.pdf

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