We document significantly lower valuations for government contractors in the United States. While contracting with government agencies reduces firms' cost of equity, it significantly lowers their sales growth. These findings are contingent on economic conditions; negative valuations dissipate as...

"This Handbook seeks for methodological, empirical, and policy-oriented contributions to provide scholars, investors, regulatory bodies, and policymakers with comprehensive insights on the efficiency and performance evaluation of businesses, financial, and accounting institutions or...