Using a sample of scandals involving US congresspersons, we investigate the spillover from the scandal-tainted congresspersons to firms connected to them through PAC contributions. Following the first media report of a scandal, firms connected to the scandal-tainted congresspersons experience a...

Venture capital funds have been facing increasing regulatory scrutiny since the 2007 financial crisis, particularly with respect to calls for increased disclosure requirements. In this paper we examine the effect of more stringent securities regulation on the supply and performance of venture...

This paper empirically examines the interaction between entrepreneurial plaintiff firm litigation and venture capital (VC). The data indicate that, relative to non-plaintiffs, firms that litigate prior to [after] obtaining VC (1) receive financing from less [more] reputable venture capitalists...

This paper investigates the value to foreign firms of contributing to US political campaigns. Using a comprehensive database of US campaign contributions by employees of US subsidiaries of foreign firms, we find that foreign firms contributing to US political campaigns have higher profits than a...