Click to login and read the full article.
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600
Abstract
This article analyzes the effect on firm value of having former government officials as lobbyists. The results suggest that the number of “revolving door” lobbyists is negatively correlated with firm value. The authors find that firm value decreases as the number of revolving door lobbyists employed by a firm increases. The results suggest that high numbers of such lobbyists are an indicator of wider agency problems in the firm.
TOPICS: Legal/regulatory/public policy, security analysis and valuation
- © 2016 Pageant Media Ltd
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600