Acemoglu, Daron; Johnson, Simon; Kermani, Amir; Kwak, James - National Bureau of Economic Research (NBER) - 2013
The announcement of Timothy Geithner as nominee for Treasury Secretary in November 2008 produced a cumulative abnormal return for financial firms with which he had a connection. This return was about 6% after the first full day of trading and about 12% after ten trading days. There were...
