This study examines how the appointment of former politicians and regulators to boards of directors or management teams influences corporate acquisition activity and performance. We find that bidders with political connections are more likely to acquire targets and avoid regulatory delay or...

This paper shows that while a firm's percent of sales to the government is positively related to the firm's costs of debt, firms are able to offset this effect through political connections. Politically connected government contractors have lower costs of debt than non-connected contractors....

Prior authors note that investor distraction during Fridays and some holidays leads to muted responses to earnings surprises. We develop daily investor distraction measures using abnormal U.S. air traffic to proxy for investor distraction. These measures provide additional predictive information...

Prior authors note that investor distraction during Fridays and some holidays leads to muted responses to earnings surprises. We develop daily investor distraction measures using abnormal U.S. air traffic to proxy for investor distraction. These measures provide additional predictive information...