Date of Award
Master of Science (MS)
Economics and Finance
Tyler Brough (Committee Chair)
This paper examines the stock market reaction to banks that lobby relative to banks that did not lobby in the period around the November 9, 2016, U.S. presidential election. Using three different methods of event studies to calculate the cumulative average return, we find that lobbying in banks has a meaningful relationship to an abnormal increase in those firm’s stock prices. Then we attempt to control for both the systemic importance and size of these institutions by performing cross-sectional regressions that include matched size, and the systemic nature of the banks. The results suggest that a heavily regulated industry such as banking, can see a noteworthy impact from a strong lobbying strategy.
Tarbet, Gregory Logan, "The Effects of Bank Lobbying and Elections Surprises" (2021). All Graduate Plan B and other Reports. 1536.
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