Friends in the Right Places: The Effect of Political Connections on Corporate Merger Activity

CFA Digest ◽  
2017 ◽  
Vol 47 (6) ◽  
Author(s):  
Biharilal Deora
Public Choice ◽  
2021 ◽  
Author(s):  
Vuk Vukovic

AbstractIn 2008, as the financial crisis unfolded in the United States, the banking industry elevated its lobbying and campaign spending activities. By the end of 2008, and during 2009, the biggest political spenders, on average, received the largest bailout packages. Is that relationship causal? In this paper, I examine the effect of political connections on the allocation of funds from the Troubled Asset Relief Program (TARP) to the US financial services industry during the 2008–2009 financial crisis. I find that TARP recipients that lobbied the government, donated to political campaigns, or whose top executives had direct connections to politics received better bailout deals. I estimate regression discontinuity design and instrumental variable models to uncover how election outcomes for politicians in close races affected the distribution of bailout funds for connected firms. The results do not imply that some banks were deliberately favored over others, just that favored banks benefited because of their proximity to the right people in power. If being politically connected matters in general, in times of crisis it matters even more.


2014 ◽  
Vol 12 (3) ◽  
pp. 641-671 ◽  
Author(s):  
Giorgio Bellettini ◽  
Carlotta Berti Ceroni ◽  
Giovanni Prarolo

2019 ◽  
Vol 39 (2) ◽  
Author(s):  
Yasmin Snounu ◽  
Phil Smith ◽  
Joe Bishop

Different pieces of a puzzle are put together to unpack the implications of biopolitical forms in relation to disability in Palestine. Tracing the political connections between Israel and the United States of America (the U.S.), both countries give themselves the right to maim the Palestinians in different forms. Israel maims the indigenous Palestinians in more direct ways, while the U.S. is the guard and supporter of Israel in the process of maiming the Palestinians. Yet, successful, disabled Palestinians have emerged from under the rubble in different fields and in academia and higher education in particular. In this paper, Critical Disability Studies (CDS) and Critical Discourse Analysis (CDA) are used as theoretical frameworks to examine disability in Palestinian higher education in light of political implications. The paper also reveals a dearth of research on disability in Palestinian higher education


2009 ◽  
Author(s):  
Giorgio Bellettini ◽  
Carlotta Berti Ceroni ◽  
Giovanni Prarolo

Author(s):  
J. Anthony VanDuzer

SummaryRecently, there has been a proliferation of international agreements imposing minimum standards on states in respect of their treatment of foreign investors and allowing investors to initiate dispute settlement proceedings where a state violates these standards. Of greatest significance to Canada is Chapter 11 of the North American Free Trade Agreement, which provides both standards for state behaviour and the right to initiate binding arbitration. Since 1996, four cases have been brought under Chapter 11. This note describes the Chapter 11 process and suggests some of the issues that may arise as it is increasingly resorted to by investors.


2019 ◽  
Vol 42 ◽  
Author(s):  
Guido Gainotti

Abstract The target article carefully describes the memory system, centered on the temporal lobe that builds specific memory traces. It does not, however, mention the laterality effects that exist within this system. This commentary briefly surveys evidence showing that clear asymmetries exist within the temporal lobe structures subserving the core system and that the right temporal structures mainly underpin face familiarity feelings.


Author(s):  
J. Taft∅

It is well known that for reflections corresponding to large interplanar spacings (i.e., sin θ/λ small), the electron scattering amplitude, f, is sensitive to the ionicity and to the charge distribution around the atoms. We have used this in order to obtain information about the charge distribution in FeTi, which is a candidate for storage of hydrogen. Our goal is to study the changes in electron distribution in the presence of hydrogen, and also the ionicity of hydrogen in metals, but so far our study has been limited to pure FeTi. FeTi has the CsCl structure and thus Fe and Ti scatter with a phase difference of π into the 100-ref lections. Because Fe (Z = 26) is higher in the periodic system than Ti (Z = 22), an immediate “guess” would be that Fe has a larger scattering amplitude than Ti. However, relativistic Hartree-Fock calculations show that the opposite is the case for the 100-reflection. An explanation for this may be sought in the stronger localization of the d-electrons of the first row transition elements when moving to the right in the periodic table. The tabulated difference between fTi (100) and ffe (100) is small, however, and based on the values of the scattering amplitude for isolated atoms, the kinematical intensity of the 100-reflection is only 5.10-4 of the intensity of the 200-reflection.


Sign in / Sign up

Export Citation Format

Share Document