The Value of Connections in Turbulent Times: Evidence from the United States

By Daron Acemoglu, Simon Johnson, Amir Kermani. 2016

588 citations recorded by the source corpus.

Subfields: Accounting, Sociology and Political Science, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/2b6e310d195a103377c9d7117ce27add691f18cb

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Sociology and Political Science

In Strategy and Management

Citations in the corpus

Aggregate and Idiosyncratic Political Risk: Measurement and Effects (2016, unknown): “…the value of connections to powerful politicians (Fisman (2001); Leuz and Oberholzer-Gee (2006); Johnson and Mitton (2003); Khwaja and Mian (2005); Ace- moglu et al. (2016); Cooper et al. (2010); Acemoglu et al. (2016); Roberts (1990); Jayachandran (2006)).1 This literature suggests that firms…”
Synthetic Control Methods: Never Use All Pre-Intervention Outcomes Together With Covariates (2015, background): “…(Germany’s reunification), Bilgel and Galle (2015) (organ donations), Liu (2015) (spillovers from universities), Stearns (2015) (maternity leave), Acemoglu et al. (2016) (political connections), Eren and Ozbeklik (2016) (right-to-work laws), Gobillon and Magnac (2016) (enterprise zones), Kreif…”
Shock-Based Causal Inference in Corporate Finance and Accounting Research (2015, background): “For Acemoglu et al. (2016), the Geithner appointment would need to affect connected banks only through his future actions, not because it signals the banks’ lobbying prowess, or the U.S. government’s likely response to the financial crisis. a takeover bid sharply raises the probability of a…”
Textual analysis in finance (2019, background): “An alternative explanation for the negative abnormal return we evidence for JBS may be a result of the valuation the investors attribute for the company due to the corruption before it becomes public, as the effect Acemoglu et al. (2016) evidence. Thus, the negative effect we find can reflect the ex”
Economic Growth and Political Integration: Estimating the Benefits from Membership in the European Union Using the Synthetic Counterfactuals Method (2014, methodology): “Other recent papers using this method include Campos and Kinoshita (2010) on foreign direct investment, Lee (2011) on inflation targeting, Billmeier and Nannicini (2013) on trade liberalization, and Acemoglu et al. (2014) on political connections.”
Using Synthetic Controls: Feasibility, Data Requirements, and Methodological Aspects (2021, background): “, 2014), corporate political connections (Acemoglu et al., 2016), taxation (Kleven et al.”
Political Connections and Allocative Distortions (2015, unknown): “Acemoglu et al. (2016) conjecture that financial firms connected to Timothy Geithner benefitted from the appointment of socially connected people during the 15Insurance and risk-sharing (Townsend 1994), social collateral (Karlan 2007), peer effects (Sacerdote 2001; Lerner and Malmendier 2013; Shue…”
The Power of the Street: Evidence from Egypt's Arab Spring (2017, methodology): “(2006), Leuz and Oberholzer-Gee (2006), and Acemoglu et al. (2013) for various other applications of this methodology. The second literature we are building on studies the effect of protests and social unrest on political change. Acemoglu and Robinson (2000, 2006) emphasize the effect of protests (a”
Populist Leaders and the Economy (2020, unknown): “Hence, we follow Acemoglu, Johnson, Kermani, Kwak, and Mitton (2016), take averages of the path around the populists’ entry into oﬃce, and compare them to the average estimated counterfactual path.”