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Sudden Deaths: Taking Stock of Geographic Ties Author info | Abstract | Publisher info | Download info | Related research | Statistics Faccio, Mara
Parsley, David C.
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Analysis of a worldwide sample of sudden deaths of politicians reveals a market-adjusted 1.7% decline in the value of companies headquartered in the politician's hometown. The decline in value is followed by a drop in the rate of growth in sales and access to credit. Our results are particularly pronounced for family firms, firms with high growth prospects, firms in industries over which the politician has jurisdiction, and firms headquartered in highly corrupt countries.
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Article provided by Cambridge University Press in its journal Journal of Financial and Quantitative Analysis .
Volume (Year): 44 (2009)
Issue (Month): 03 (June)
Pages: 683-718
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Handle: RePEc:cup:jfinqa:v:44:y:2009:i:03:p:683-718_99Contact details of provider: Postal: The Edinburgh Building, Shaftesbury Road, Cambridge CB2 2RU UK Fax: +44 (0)1223 325150 Email: Web page: http://journals.cambridge.org/jid_JFQ
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Jay Pil Choi & Marcel Thum, 2007.
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