Do investors like political connections?
利用2010年美国最高法院一项允许企业建立新型政治关联的判决，研究投资者对此类关联的市场反应，发现总体正面，尤其对受监管强的企业。
Do investors like political connections? We estimate market reaction after the 2010 US Supreme Court decision, which allowed firms to establish a new form of political connection. We document a positive reaction, especially for highly regulated firms.