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the prevalence of former politicians as non-executive directors in ASX-listed companies and the market reaction to their … appointment. In our sample of 1,561 companies in 2007, we find that former federal, state, local and foreign politicians hold … former politicians is significantly lower than non-politicians. This indicates that shareholders do not value the expertise …
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The study aims to examine the impact of different types of political connections in Pakistan on the performance of firms. We further examine whether the presence of external monitors, such as foreign and institutional investors, can moderate the impact of political connections on the performance...
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determinants of managers' sentiment. Quantitatively, our results indicate that having a politician on the board increases the …
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