The Performance of Military Defense Contracted Companies After September 11th, 2001: The Case of Politically Connected Companies
The Performance of Military Defense Contracted Companies After September 11th, 2001: The Case of Politically Connected Companies
This paper examines the effect that the terrorist attacks on September 11th, 2001 had on the stock prices of companies within the military defense industry. In addition, this paper studies the effect of the defense firms’ political engagement (through lobbying activities) and how this affected the stock price response to the terrorist attacks. Our study finds that the cumulative abnormal returns of these companies are positively significant and that companies who lobbied experienced higher returns relative to those who did not lobby.
- Utah State University United States
Business and Corporate Communications, September 11th 2001, Lobbying, Finance and Financial Management, Business Law, and Operations, Stock Returns, Defense Firms, Corporate Finance, Organizational Behavior and Theory, Public Responsibility, Management, Business Law, Public Responsibility, and Ethics, Other Business, Business Analytics, and Ethics, Terrorism, Business Administration, Management, and Operations, Business Administration, Political Connections
Business and Corporate Communications, September 11th 2001, Lobbying, Finance and Financial Management, Business Law, and Operations, Stock Returns, Defense Firms, Corporate Finance, Organizational Behavior and Theory, Public Responsibility, Management, Business Law, Public Responsibility, and Ethics, Other Business, Business Analytics, and Ethics, Terrorism, Business Administration, Management, and Operations, Business Administration, Political Connections
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).0 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!