In this paper we empirically examine whether public facilities like providing primary school, medical clinics, electricity etc help incumbents to stay in power. Specifically, we analyze the parliamentary election outcomes in 483 constituents in rural India from 1971 to 1991. This study is based...

We examine the effects of corporate social responsibility (CSR) activities on the values of firms. Using a non-parametric regression discontinuity design, exploiting a natural experiment induced by India’s Companies Act 2013, we find investors devalue the stocks of firms that do CSR activities...