Gropper, Daniel M.; Jahera, John S.; Park, Jung Chul - In: Journal of Banking & Finance 37 (2013) 6, pp. 1986-1999
Does a politician with power in the U.S. Congress positively affect the value of firms headquartered in their home state? We investigate this question by examining the profitability and stock performance of commercial banks. Banks can be enormously influenced by the political and regulatory...