• 1 Introduction
  • 2 Data
  • 3 Characteristics of Connected Firms and Dele-gates
  • 4 Valuation and Performance of Politically Con-nected Firms
  • 4.1 Market Valuation and Accounting-based Performance
  • 4.2 Stock Market Performance
  • 5 Conclusion and Outlook
  • Appendix
  • References