The value of implicit political connections
WebJun 27, 2024 · The main argument behind this evidence is that political connections could be a valuable resource for banks, enabling them to more easily access debt financing as they are considered to have an implicit guarantee that the government would rescue them in case of distress. WebApr 12, 2024 · Former legislators who lobby exacerbate the effects of financial resources on the relative political influence that various organized interests achieve. These lobbyists receive more income and achieve favorable policy outcomes more often than other lobbyists. The value of these revolving-door lobbyists, however, is contingent on the …
The value of implicit political connections
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WebImplicit political connections may also be identified by referring to the political background of directors (Goldman et al. 2009; Duchin and Sosyura 2012; Goldman et al. 2013). ... value associated with lobbying expenditures in reaction to such an event supports the opinion that lobbying generates value for the shareholders. WebJun 27, 2024 · The main argument behind this evidence is that political connections could be a valuable resource for banks, enabling them to more easily access debt financing as …
WebAug 23, 2012 · Abstract. Research has found that political connectedness can have both positive and negative effects on firm value. To resolve these mixed findings, we investigate the impact of political ties conditional on ownership for a sample of Chinese firms over the period 1999–2006. WebThe Value of Implicit Political Connections — College of Professional and Continuing Education The Value of Implicit Political Connections David Broadstock, Xiaoqi Chen, C. S. Agnes Cheng, Wenli Huang Division of Business and Hospitality Management (BHM) Research output: Contribution to journal › Article › peer-review Overview Fingerprint Abstract
WebFeb 13, 2024 · The results show that even though the headquarters of politically connected listed firms pay comparable land prices as other firms, their subsidiaries pay 12.1-13.2% … WebMar 31, 2024 · One of the benefits of being aware of the potential impact of implicit social biases is that you can take a more active role in overcoming social stereotypes, …
WebApr 10, 2024 · The statistics showed that 64% of tubing and casing failures occurred in joints, and as much as 86% in some oilfields. 5 In recent years, the use of premium joints has significantly improved the safety of joints compared to API standards joints, but in practice, most string failures were still caused by leaky seals at connections. 6 In order to ...
WebJun 1, 2024 · We distinguish between the political relations that arise from TMT's own work experience, which are termed direct political connections (DPC), and the relations that TMT develops from working for the same institution with the government officials, which are … cybersecurity chiefWebFor example, the median market capitalization of connected firms is $520 million in comparison with a median market value of $407 million for their non-connected peers. As regards earnings, connected firms have a higher mean ROA than non-connected firms, but the median ROA is lower. cheap rustic wedding foodWebThe value of implicit political connections: Authors: Broadstock, D Chen, X Cheng, CSA Huang, W : Issue Date: 2024: Source: Journal of international accounting research, Summer 2024, v. 19, no. 2, p. 1-18: Abstract: We investigate whether the aggregated political relations of a firm’s top management team (TMT) add value to the firm’s ... cybersecurity christian perspective