Ba, Bocar A.; Rivera, Roman; Whitefield, Alexander - National Bureau of Economic Research - 2023
Given police abolitionism's new visibility after the 2020 racial justice protests, we assess stakeholder beliefs on the … protests' stock impacts on police-affiliated firms. Experts generally underestimate the firms' stock gains, except situated … experts like community organizers and police experts, who link the market responses to reforms, not budget cuts. An experiment …