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040			_aCO-BoUGC _cCO-BoUGC
100	1		_aChristensen, Dane M. _9177632
245	1	0	_aFrom K Street to Wall Street _bpolitical connections and stock recommendations _cDane M. Christensen, Michael B. Mikhail, Bervely R. Walther & LAura A. Wellman
300			_aPáginas 87 a la 112
520	3		_aIn this study, we examine whether sell-side security analysts gain access to value-relevant information through political connections. We measure analysts' political connections based on political contributions at the brokerage-house level. We argue that if brokerages are able to obtain private information through their political connections, then analysts at politically connected brokerages should issue more profitable stock recommendations, and this increased profitability should be more pronounced for politically sensitive stocks. Our evidence is consistent with these predictions. Analyses of recommendations issued surrounding the Affordable Care Act further support our main inferences. Moreover, our findings hold after we employ numerous tests to address correlated omitted variables and endogeneity. Collectively, these results suggest that brokerages obtain value-relevant, nonpublic information from their political connections.
650	1	4	_991036 _aContabilidad _vPublicaciones seriadas
650	2	4	_aCorredores de bolsa _vPublicaciones seriadas _9177633
650	2	4	_aFinanzas corporativas _vPublicaciones seriadas _xLegislación _zEstados Unidos _9177634
650	2	4	_aMercado de valores _vPublicaciones seriadas _9176918
700	1		_aMikhail, Michael B. _9177635
700	1		_aWalther, Beverly R. _9177636
700	1		_aWellman, Laura A. _9177637
773	0		_082265 _9377624 _aThe accounting review 2017 V.92 No.3 (May) _o0000002032284 _x0001-4826 (papel) _h26 páginas _nIncluye tablas, referencias bibliográficas y apéndices
942			_2ddc _cART