Harymawan, Iman; Lam, Brian; Nasih, Mohammad; Rumayya, … - In: International Journal of Financial Studies 7 (2019) 3, pp. 1-16
firms to become a politically connected firm. We use the sudden resignation of the former President of Indonesia, Suharto …, to show that politically connected firms are associated with lower stock price crash risk and that the risk for these … politically connected firms increased after Suharto resigned. Furthermore, we found evidence that these negative associations are …