Do, Quoc-Anh; Lee, Yen-Teik; Nguyen, Bang Dang; Nguyen, … - School of Economics, Singapore Management University - 2012
This paper investigates the impact of social-network based political connections on firm value. We focus on the networks of university classmates and alumni among directors of U.S. public firms and congressmen. Comparing firms connected to elected versus defeated politicians in the Regression...