Working Paper

Political Connections and Preferential Access to Finance: The Role of Campaign Contributions

Using novel indicators of political connections constructed from campaign contribution data, we show that Brazilian firms that provided contributions to (elected) federal deputies experienced higher stock returns around the 1998 and 2002...Read more

Stijn Claessens
Erik Feyen
Luc Laeven
01 June 2007



Professor John Armour presents his paper "Disrupting Finance" at the Global Corporate Governance Colloquia (GCGC) at Stanford University in 2015.

27 June 2019