Do investors like political connections?

Marika Carboni, Franco Fiordelisi and Irwan Trinugroho

Economics Letters, 2023, vol. 222, issue C

Abstract: Do investors like political connections? We estimate market reaction after the 2010 US Supreme Court decision, which allowed firms to establish a new form of political connection. We document a positive reaction, especially for highly regulated firms.

Keywords: Industry-level regulation; Political connections; Citizens united v. FEC; SpeechNow.org. v. FEC (search for similar items in EconPapers)
JEL-codes: G30 G34 G38 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:222:y:2023:i:c:s0165176522004177

DOI: 10.1016/j.econlet.2022.110943

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