Coverart for item
The Resource Friends in high places : two essays on the importance of corporate political connections, by Reza Houston

Friends in high places : two essays on the importance of corporate political connections, by Reza Houston

Label
Friends in high places : two essays on the importance of corporate political connections
Title
Friends in high places
Title remainder
two essays on the importance of corporate political connections
Statement of responsibility
by Reza Houston
Creator
Contributor
Author
Thesis advisor
Subject
Genre
Language
eng
Summary
This study is an examination of the relationship between political connections and the undertaking of major firm events. In our first essay, presented in Chapter 3, we examine the impact politically connected appointments have on firm acquisition behavior. Using proxy statements, we create a unique database of politically connected bidders and merger targets. We find that bidders who hire connected individuals to the board or management team are more likely to avoid merger litigation. Connected bidders make more bids after the appointment. These firms also bid on larger targets. We determine there is a positive relation between the control premium and the relative of the targets connections. Connected acquirers have superior post-merger accounting performance, particularly when they acquire a connected target firm. In the second essay, presented in Chapter 4, we examine the relationship between political connections of private firms and the initial public offering process. Using registration statement information, we create a unique database of politically connected IPO firms. We find that political connections are substitutes to high-quality underwriters and big four auditors. Politically connected firms manage earnings more highly upward than non-connected firms prior to the public offering. Politically connected firms also exhibit less underpricing than non-connected firms. Politically connected IPO firms also have superior post-IPO returns relative to non-connected IPO firms
Cataloging source
MUU
http://library.link/vocab/creatorName
Houston, Reza
Degree
Ph. D.
Dissertation note
Thesis
Dissertation year
2015.
Government publication
government publication of a state province territory dependency etc
Granting institution
University of Missouri--Columbia
Illustrations
illustrations
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
  • theses
http://library.link/vocab/relatedWorkOrContributorName
Ferris, Stephen P.
http://library.link/vocab/subjectName
  • Corporations
  • Consolidation and merger of corporations
  • Going public (Securities)
  • Business and politics
  • Elections
Label
Friends in high places : two essays on the importance of corporate political connections, by Reza Houston
Instantiates
Publication
Note
  • "A Dissertation presented to the Faculty of the Graduate School at the University of Missouri-Columbia In Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy."
  • Dissertation supervisor: Dr. Stephen Ferris
  • Includes vita
Bibliography note
Includes bibliographical references (pages 176-183)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
965800206
Extent
1 online resource (ix, 184 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
Specific material designation
remote
System control number
(OCoLC)965800206
Label
Friends in high places : two essays on the importance of corporate political connections, by Reza Houston
Publication
Note
  • "A Dissertation presented to the Faculty of the Graduate School at the University of Missouri-Columbia In Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy."
  • Dissertation supervisor: Dr. Stephen Ferris
  • Includes vita
Bibliography note
Includes bibliographical references (pages 176-183)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
965800206
Extent
1 online resource (ix, 184 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
Specific material designation
remote
System control number
(OCoLC)965800206

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      38.944491 -92.326012
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