analysis to all politicians (almost 160.000) belonging to a political body in Italy. Overall, our dataset contains 1.858 board … members referring to 127 cooperative banks.Results show that politically connected banks, in which politicians have executive … statutes of the Italian cooperative banks, we argue that the problem is not for politicians to be in the boards but for them to …

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 …