Harymawan, Iman; Lam, Brian; Nasih, Mohammad; Rumayya, … - In: International Journal of Financial Studies 7 (2019) 3, pp. 1-16
This study examines the relationship between firm-level political connections and stock price crash risk in Indonesia. It employs the difference-in-difference design to deal with the self-selection bias issue regarding the choice of the firms to become a politically connected firm. We use the...