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Do politically connected firms borrow cheaply? Evidence from two post U.S. election campaigns

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We shed more light on the effect of corporate political connections on the cost of debt of US firms. Focusing on new public debt issuance and applying a two stages… Click to show full abstract

We shed more light on the effect of corporate political connections on the cost of debt of US firms. Focusing on new public debt issuance and applying a two stages instrumental variable model, we s...

Keywords: politically connected; connected firms; evidence two; firms borrow; cheaply evidence; borrow cheaply

Journal Title: Applied Economics Letters
Year Published: 2020

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