Hill, Matthew; Fuller, Kathleen; Kelly, G.; Washam, Jim - In: Review of Quantitative Finance and Accounting 42 (2014) 1, pp. 123-142
We examine the relation between corporate liquidity and political connections measured via lobbying expenditures. This is an interesting question as many of the motives for holding cash should be diminished by political connections. Results indicate a significant and inverse relation between...
