Hedging on the Hill: Does Political Hedging Reduce Firm Risk?
We examine whether firms’ political hedging activities are effective at mitigating political risk. Focusing on the risk induced by partisan politics, we measure political hedging as the degree to which firms’ political connections are balanced across Republican and Democratic candidates. We find tha...
Main Authors: | , , , |
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Format: | Article |
Language: | English |
Published: |
INFORMS Inst.for Operations Res.and the Management Sciences
2022
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Subjects: | |
Online Access: | View Fulltext in Publisher |