Using an event study, we examine whether the stock market considers corporate lobbying to be a value-enhancing activity …, we show that a firm that spends $100,000 more on lobbying in the three years prior to 2006, experiences a loss of about … lobbying may arise from potentially unethical practices …

Using an event study, we examine whether the stock market considers corporate lobbying to be a value-enhancing activity …, we show that a firm that spends $100,000 more cumulatively on lobbying in the three years prior to 2006, experiences a … lobbying may arise from potentially unethical practices …