We construct text-based measures of the primary concerns listed firms associated with the
spread of COVID-19 and other epidemic diseases. We identify which firms perceive to lose …

We propose a text‐based method for measuring the cross‐border propagation of large
shocks at the firm level. We apply this method to estimate the expected costs, benefits, and …

We construct a monthly presidential economic approval rating (PEAR) index from 1981 to
2019, by averaging ratings on the president's handling of the economy across various …

I study, both empirically and theoretically, the economic and financial consequences of
corporate lobbying. Firms lobby politicians to increase their share of government contracts …

We examine the effects of political risk at the firm level on the integrity of financial reports
between 2009 and 2019 using a data from US firms. We provide evidence that, as evaluated …

Prior research shows that political uncertainty affects general economic and firm-related
outcomes. However, little is known about how firm-specific political uncertainty is related to …

The political cost hypothesis of positive accounting theory predicts that managers make
accounting choices to minimize potential wealth transfers in the political process. Using a …

Purpose The study investigates the effect of political risk on shareholder value, using an
event study and a novel measure of firm-level political risk recently developed by Hassan et …

We find a negative relation between firm-level political risk and future delta-hedged equity
option returns. A quasi-natural experiment based on Brexit corroborates this finding since …

We investigate whether political risk is priced in the cross-section of corporate bond returns
by using a text-based measure of firm-level political risk. We document a positive and …