{"id":7246,"date":"2023-01-06T14:02:38","date_gmt":"2023-01-06T13:02:38","guid":{"rendered":"https:\/\/www.uni.lu\/fdef-en\/events\/df-lunch-seminar-professor-ruediger-fahlenbrach-swiss-finance-institute\/"},"modified":"2024-02-22T09:50:29","modified_gmt":"2024-02-22T08:50:29","slug":"df-lunch-seminar-professor-ruediger-fahlenbrach-swiss-finance-institute","status":"publish","type":"events","link":"https:\/\/www.uni.lu\/fdef-en\/events\/df-lunch-seminar-professor-ruediger-fahlenbrach-swiss-finance-institute\/","title":{"rendered":"DF Lunch Seminar Professor Ruediger Fahlenbrach, Swiss Finance Institute"},"content":{"rendered":"\n<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\">\n<p><strong>Abstract:<\/strong><\/p>\n\n\n\n<p>We analyze a novel data set of corporate contributions to ballot initiatives and referendums at the U.S. state level. Firms make significant contributions to ballot measures in favor of or against specific initiatives. Firms that contribute to successful (failed) direct initiated state initiatives exhibit significantly positive (negative) CARs around the election. They also experience significant sales, investment, and net income growth in the two years following the passage of important ballot measures. The results suggest that ballot measure spending represents a distinct and economically important dimension of firms\u2019 political strategy with important consequences for firm value and real activity.<\/p>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":47,"featured_media":7247,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"featured_image_focal_point":[],"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"event_start_date":"2022-05-12 12:00:00","event_end_date":"2022-05-12 13:15:00","event_speaker_name":"Professor Ruediger Fahlenbrach","event_speaker_link":"","event_is_online":false,"event_location":"Main Building, Room D10D ","event_street":"成人头条 6 Rue Richard Coudenhove-Kalergi","event_location_link":"","event_zip_code":"1359","event_city":"Luxembourg","event_country":"LU"},"events-topic":[301],"events-type":[],"organisation":[116],"authorship":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DF Lunch Seminar Professor Ruediger Fahlenbrach, Swiss Finance Institute - FDEF events I 成人头条.lu<\/title>\n<meta name=\"description\" content=\"Abstract: We analyze a novel data set of corporate contributions to ballot initiatives and referendums at the U.S. state level. Firms make significant\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uni.lu\/fdef-en\/events\/df-lunch-seminar-professor-ruediger-fahlenbrach-swiss-finance-institute\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DF Lunch Seminar Professor Ruediger Fahlenbrach, Swiss Finance Institute\" \/>\n<meta property=\"og:description\" content=\"Abstract: We analyze a novel data set of corporate contributions to ballot initiatives and referendums at the U.S. state level. 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