I examine the link between political uncertainty and firm investment using US gubernatorial
elections as a source of plausibly exogenous variation in uncertainty. Investment declines …

We find that companies with directors from academia are associated with higher
performance. This relation is driven by professors without administrative positions. We also …

This paper investigates the value of firm political connections using a regression
discontinuity design in a sample of close, off-cycle US congressional elections. I compare …

Politically-driven corruption is a pervasive challenge for development, but evidence of its
welfare effects are scarce. Using data from a major rural road construction programme in …

We document a new" policy sensitivity" channel of corporate political contributions. Firms
that are highly sensitive to government policy uncertainty have a stronger incentive to …

Impact of political events on stock market returns: empirical evidence from Pakistan |
Emerald Insight Books and journals Case studies Expert Briefings Open Access Publish …

We examine whether the Environmental Protection Agency (EPA) uniformly enforces the
Clean Air Act for politically connected and unconnected firms using a close election setting …

This paper uses Chinese data to examine the link between political connections and
pollution discharge by firms. Our empirical results show that political connections are the …

The objectives of this study are to evaluate the impact of firm characteristics (firm size,
liquidity, profitability, and leverage), political connection and corporate governance …

A stock market should display informational efficiency and, therefore, should appropriately
reflect the value of political connections, if any value exists. Using a comprehensive data set …