Duchin, Ran; Sosyura, Denis - In: Journal of Financial Economics 106 (2012) 1, pp. 24-48
This paper investigates the relation between corporate political connections and government investment. We study … various forms of political influence, ranging from passive connections between firms and politicians, such as those based on … connected firms underperform those in unconnected firms. Overall, we show that connections between firms and regulators are …