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Winning Connections? Special Interests and the Sale of Failed Banks

Igan, Deniz - 2018

We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We … higher costs in such auctions, amounting to 16.4 percent of the total resolution losses. We also find that lobbying winners … have worse operating and stock market performance than their non-lobbying counterparts, suggesting that lobbying results in …

Persistent link: https://www.econbiz.de/10012929952

Big 4 Office Political Connections and Client Restatements

Elemes, Anastasios; Chen, Jeff Zeyun - 2021

Extant literature suggests that audit firms establish political connections at the national level to lobby regulators and legislators. In this paper we construct a novel dataset of Big 4 auditors’ political connections at the audit office level and examine the implications of auditors’...

Persistent link: https://www.econbiz.de/10013251450

Bringing connections onboard: the value of political influence

Green, Colin; Homroy, Swarnodeep - 2020

In 2002, an amendment to UK parliamentary regulations removed restrictions on the participation of members of parliament (MPs) in parliamentary proceedings related to their corporate interests. Using this amendment as a quasi-natural experiment, we demonstrate gains in firm value and...

Persistent link: https://www.econbiz.de/10012239525

Contests Among Bureaucrats

Bös, Dieter - 2002

This paper deals with double lobbying: several bureaucrats participate in joint lobbying to get a high total … departmental budget, but they also engage in antagonistic lobbying to reap as high a share of the total budget as possible. The … antagonistic lobbying constitutes a contest among the bureaucrats. This paper characterizes the Nash equilibria in lobbying and …

Persistent link: https://www.econbiz.de/10010263072

Die Globalisierungswächter : NGOs und ihre transnationalen Netze im Konfliktfeld Klima

Walk, Heike; Brunnengräber, Achim - 2000 - 1. Aufl.

Persistent link: https://www.econbiz.de/10001496216

Corporate political connections and favorable environmental regulatory enforcement

Heitz, Amanda; Wang, Youan; Wang, Zigan - In: Management science : journal of the Institute for … 69 (2023) 12, pp. 7838-7859

Persistent link: https://www.econbiz.de/10014444396

Sustaining cooperation : community enforcement vs. specialized enforcement

Acemoglu, Daron; Wolitzky, Alexander - 2015

We introduce the possibility of direct punishment by specialized enforcers into a model of community enforcement. Specialized enforcers need to be given incentives to carry out costly punishments. Our main result shows that, when the specialized enforcement technology is sufficiently effective,...

Persistent link: https://www.econbiz.de/10011491715

The power of woke and other forms of disproportionate punishment

Gårn Hansen, Lars - 2023

I suggest that simple enforcement and lobbying models may explain how a small minority of dedicated believers … advantages they have in lobbying the leadership of subgroups with power hierarchies (corporations, universities, organizations …

Persistent link: https://www.econbiz.de/10013549074

Why does environmental policy in representative democracies tend to be inadequate? A preliminary public choice analysis

Kollmann, Andrea; Schneider, Friedrich G. - 2010

. To identify the reasons for this insufficient implementation in the past decade the Public Choice theory is used. The …

Persistent link: https://www.econbiz.de/10010276730

Financial Regulation and Cost-Benefit Analysis : A Comment

Sunstein, Cass R. - 2014

Many regulators have concluded that cost-benefit analysis is the best available method for capturing the welfare effects of regulations. It is therefore understandable that in recent years, some people have been interested in requiring financial regulators to engage in careful cost-benefit...

Persistent link: https://www.econbiz.de/10013054943