Political Geography and Stock Returns: The Value and Risk Implications of Proximity to Political Power

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... and the Cross-Section of Expected Returns (2013, methodology): “See Sun and Cai (2009) for an example that models the spatial dependence among the null hypotheses. sample.”
Policy Risk, Corporate Political Strategies, and the Cost of Debt (2016, methodology): “We use the Political Alignment Index (PAI) constructed by Kim et al. (2012) as one proxy”
Political Sentiment and Predictable Returns (2016, methodology): “We also establish that our results do not reflect the findings in Kim, Pantzalis, and Park (2012), who show that firms located in U.S. states that are more politically aligned with the Presidential party earn higher average returns.”
Political Uncertainty and IPO Activity: Evidence from U.S. Gubernatorial Elections (2017, background): “…and Mukherjee (2005), Bernhard and Leblang (2006), Knight (2006), Snowberg, Wolfers, and Zitzewitz (2007), Claessens, Feijen, and Laeven (2008), Wolfers and Zitzewitz (2009), Belo, Gala, and Li (2013), and Kim, Pantzalis, and Park (2012) relate political outcomes to stock market performance.”
Policy Uncertainty, Irreversibility, and Cross-Border Flows of Capital (2013, unknown): “Kim, Pantzalis, and Park (2012) investigate theimpact of variation in political geography brought on by the outcomes of mid-term elections and find a significant effect on returns.”