Empirical Evidence of Mean-reversion in Stock Prices and Performance of Politically Connected Firms in ASEAN
Organizational Development, Business Transformation, and Smart Management: 38MGT 2021
This study examines whether a mean-reversion trend exists in the stock price of firms with political connections in ASEAN countries such as Indonesia, Malaysia, Singapore, and Thailand. In addition, it examines the impact of political connections on firm performance. The result shows that there is…