Igan, Deniz; Lambert, Thomas; Wagner, Wolf; Zhang, Quxian - 2017
We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We … higher costs in such auctions, amounting to 16.4 percent of the total resolution losses. We also find that lobbying winners … have worse operating and stock market performance than their non-lobbying counterparts, suggesting that lobbying results in …