Does corporate lobbying activity provide useful information to credit markets
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DOI: 10.1016/j.jcorpfin.2018.03.003
Abstract: Although corporate lobbying can be motivated for numerous reasons, much of corporate lobbying is aimed to secure public subsidies for the firm's high-risk R&D investment, which aggravates the shareholder-creditor conflict. This paper examines how creditors… read more here.
Keywords: information; lobbying activity; lobbying; targeted lobbying ... See more keywords