Adelino, Manuel; Dinc, I. Serdar - In: Journal of Financial Economics 114 (2014) 2, pp. 256-272
paper investigates a novel aspect of firm behavior in distress: how financial health affects a firm׳s lobbying and … the availability of the stimulus package in the first quarter of 2009. We find that firms with weaker financial health, as … measured by credit default swap spreads, lobbied more. We also show that the amount spent on lobbying was associated with a …