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Since anecdotal evidence indicates that corruption is rampant in the defence sector globally, we examine the drivers of … firm level corruption risk in the defence industry. Our empirical results indicate that visibility and shareholding are … significant drivers affecting a firm's corruption risk. Large firms and listed firms have lower corruption risk, other things …
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The current study explains how corruption, terrorism, political stability and oil price has an effect on on the Iraq … stock exchange utilizing corruption perception index as a proxy of corruption, global terrorism index as proxy for terrorism … Square method. The results show that the level of corruption, terrorism activities and political stability coefficient is …
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Do investors anticipate that demands for racial equity will impact companies? We explore this question in the context of the Black Lives Matter (BLM) movement--the largest racially motivated protest movement in U.S. history--and its effect on the U.S. policing industry using a novel dataset on...
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We examine the effects of corporate lawsuits in China and find that litigation announcements depress the stock prices of both defendant and plaintiff firms. Financially distressed defendants suffer lower stock returns. We find that politically connected defendants are favored in the judicial...
Persistent link: https://www.econbiz.de/10013102459
Existing research shows that members of Congress made informed trades prior to the passage of the STOCK Act of 2012. There is also evidence in the literature to suggest that the STOCK Act was able to deter politicians from trading based on non-public information. However, the question of whether...
Persistent link: https://www.econbiz.de/10012588160