NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

All the President's Friends: Political Access and Firm Value

Jeffrey R. Brown, Jiekun Huang

NBER Working Paper No. 23356
Issued in April 2017

---- Acknowledgements ----

We are grateful for helpful comments from Heitor Almeida, James Brown, Mara Faccio, Ioannis Floros, Itay Goldstein, Austan Goolsbee, Huseyin Gulen, Tim Johnson, Josh Pollet, Scott Weisbenner, and seminar participants at University of Illinois at Urbana-Champaign and Iowa State University. We thank Kun Chen, Zhongnan Xiang, and Yinchao Zhu for research assistance. We are solely responsible for any remaining errors. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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