Dube, Arindrajit; Kaplan, Ethan; Naidu, Suresh - In: The Quarterly Journal of Economics 126 (2011) 3, pp. 1375-1409
We estimate the impact of coups and top-secret coup authorizations on asset prices of partially nationalized multinational companies that stood to benefit from U.S.-backed coups. Stock returns of highly exposed firms reacted to coup authorizations classified as top-secret. The average cumulative...