| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19701 |
| 来源ID | Working Paper 19701 |
| The Value of Connections in Turbulent Times: Evidence from the United States | |
| Daron Acemoglu; Simon Johnson; Amir Kermani; James Kwak; Todd Mitton | |
| 发表日期 | 2013-12-05 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | The announcement of Timothy Geithner as nominee for Treasury Secretary in November 2008 produced a cumulative abnormal return for financial firms with which he had a connection. This return was about 6% after the first full day of trading and about 12% after ten trading days. There were subsequently abnormal negative returns for connected firms when news broke that Geithner's confirmation might be derailed by tax issues. Excess returns for connected firms may reflect the perceived impact of relying on the advice of a small network of financial sector executives during a time of acute crisis and heightened policy discretion. |
| 主题 | Financial Economics ; Financial Markets ; Financial Institutions |
| URL | https://www.nber.org/papers/w19701 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577376 |
| 推荐引用方式 GB/T 7714 | Daron Acemoglu,Simon Johnson,Amir Kermani,et al. The Value of Connections in Turbulent Times: Evidence from the United States. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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