Out of Sight, Out of Mind: The Value of Political Connections in Social Networks

• Main Authors: DO, Quoc-Anh, Nguyen, Bang Dang, Lee, Yen-Teik, Nguyen, Kieu-Trang
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2011
• 主題: Social network; political connection; close election; regression discontinuity design; firm value.; Communication Technology and New Media; Political Science
• 在線閱讀: https://ink.library.smu.edu.sg/soe_research/1349; http://www.isb.edu/financeconference2011/File/OutofSight-OutofMind.pdf
• 機構: Singapore Management University

This paper investigates the impact of social-network connections to politicians on firm value. We focus on the networks of university classmates and alumni among directors of U.S. public firms and Congressmen. Using the Regression Discontinuity Design based on close elections from 2000 to 2008, we i...