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Politically Connected Firms.pdf
- PoliticallyConnected FirmsBy MARA FACCIO*The incentive becomepo-litically connected has been recogni
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The Quality of Accounting Information in Politically Connected Firms.pdf
- Recent studies have documented systematic exchanges of favors between politicians and firms, and that connected firms, on average gain from political ties. Since these ties are often to a top manager or large shareholder, agency problems are likely more severe for politically connected firms. Moreover, in the case of political ties, the costs of lower quality disclosures may be mitigated. Empirically, we find that the quality of earnings reported by politically connected firms is significantly poorer than that of similar non-connected companies. Additionally, among connected firms, those that have stronger political ties have the poorest accruals quality. This evidence suggests that managers of connected firms appear to be less sensitive to market pressures to increase the quality of information. This choice seems to be justified in that lower quality reported earnings is associated with higher cost of debt only for the non-politically connected firms in the sample.
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Do Lenders Favor Politically Connected Firms? - Faculty & Research.pdf
- DOLENDERS FAVOR POLITICALLYCONNECTED FIRMS?RENT PROVISION EMERGINGFINANCIALMARKETAsim Ijaz Khwaja At
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JIBS-2013-Brockman, Rui, and Zou-Institutions and the performance of politically connected M&As.pdf
- politicallyconnectedM&AsPaul Brockman1,Oliver MRui2and Huan Zou31Department Finance,Lehigh Universit
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Do Politically Connected Firms Engage More or Less in Corporate Philanthropy Evidence from Public and Private Firms in China.pdf
- DoPolitically Connected Firms Engage More CorporatePhilanthropy? Evidence from Public PrivateFirms C
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Examining, Correcting, and Failing to Correct Politically Biased Judgments and Memories in.pdf
- Examining, Correcting, and Failing to Correct Politically Biased Judgments and Memories in
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Climate Planning in Politically Conservative Cities A Case….pdf
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Politically sustainable social:政治上可持续的社会.pdf
- Politically sustainable social：政治上可持续的社会政治,帮助,社会,可持续,社会可持续,可持续的,政治上
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asians in the american mind how americans view asian americans politically.pdf
- asians in the american mind how americans view asian americans politically
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向豆丁求助：有没有politically?
