Ba, Bocar A.; Ndiaye, Abdoulaye; Rivera, Roman; … - National Bureau of Economic Research - 2024
justice after the murder of George Floyd and the salience of the "defund the police" movement. We assess stakeholder beliefs … on the impact of protests on the stock prices of police-affiliated firms. In our survey experiment, laypeople and finance … exposed to protests were 20% less likely to hold police stocks, after the protests, than funds in areas without protests …