Executive political preferences and corporate decisions and outcomes

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dc.contributor Mobbs, Houston Shawn
dc.contributor Cicero, David C.
dc.contributor Lee, Junsoo
dc.contributor Stone, Mary S.
dc.contributor.advisor Agrawal, Anup
dc.contributor.author Rich, Tara
dc.date.accessioned 2017-03-01T17:37:59Z
dc.date.available 2017-03-01T17:37:59Z
dc.date.issued 2015
dc.identifier.other u0015_0000001_0002135
dc.identifier.other Rich_alatus_0004D_12552
dc.identifier.uri https://ir.ua.edu/handle/123456789/2516
dc.description Electronic Thesis or Dissertation
dc.description.abstract Corporate decisions and policies made by executives have real effects on the financial valuation of firms. Therefore, the behavior of executives, including underlying causes and subsequent implications, is important in the study of finance. This dissertation investigates executive behavior by examining how the political preferences of executives affect their corporate decisions and the subsequent outcomes. The first essay focuses on the impact of executive political preferences on mergers. Using a rare and hand-collected dataset of executive political donations and CEO retention following mergers, I investigate how shared political preferences between executives of merging firms affect the probability of a merger and subsequent merger outcomes. The second essay focuses on how CEO political preferences affect firm policies and market distribution. In this paper, I use the dataset of executive political donations to examine if Republican-led firms have less risky policies, such as less use of earnings management and lower likelihood of restating earnings. I also test if these less risky policies by Republican managers result in less risky stock return distributions for their firms.
dc.format.extent 62 p.
dc.format.medium electronic
dc.format.mimetype application/pdf
dc.language English
dc.language.iso en_US
dc.publisher University of Alabama Libraries
dc.relation.ispartof The University of Alabama Electronic Theses and Dissertations
dc.relation.ispartof The University of Alabama Libraries Digital Collections
dc.relation.hasversion born digital
dc.rights All rights reserved by the author unless otherwise indicated.
dc.subject.other Finance
dc.title Executive political preferences and corporate decisions and outcomes
dc.type thesis
dc.type text
etdms.degree.department University of Alabama. Dept. of Economics, Finance, and Legal Studies
etdms.degree.discipline Finance
etdms.degree.grantor The University of Alabama
etdms.degree.level doctoral
etdms.degree.name Ph.D.

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