Federal ID: 91-6001537
ISSN: 0022-1090 (Print) | 1756-6916 (Online)
Political Activism and Market Power
Elia Ferracuti, Roni Michaely, and Laura A. Wellman ♦ We document an increase in market power for politically active firms during times of heightened policy uncertainty, when their information and influence advantage is greater. The effect is long-lasting and stronger…