Investor Reaction to Covert Corporate Political Activity
Has this study been replicated?
The atlas records 1 replication of this study. Recorded outcomes: 1 mixed.
Replications
- Reexamining investor reaction to covert corporate political activity: A replication and extension of Werner (2017), Minefee et al. (2020). Outcome recorded: mixed.
Werner found that investors reacted positively to the accidental disclosure of covert ties to the Republican Governors Association. In contrast, when we apply the same research design to the ALEC leak, we find that, on average, firms tied to ALEC experienced negative abnormal returns.
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