- National Rifle Association to aid Rick Scott’s re-elect as part of $11.4 million effort
- PSTA posts record-breaking summer ridership
- What stinky armpits could tell you about a person’s political beliefs may shock you
- New ad from Steve Crisafulli focuses on leadership
- Charlie Crist to talk Florida innovation at Boca Raton “coworking” facility
- Polling 101: Why poll just Rick Scott versus Charlie Crist?
How much is the revolving-door worth?
Simon Luechinger and Christoph Moser look at the impact of the government-industry revolving door of presidential appointees, specifically by examining the stock market gains that accrue to the Defense Department appointees’ former employers.
“According to the results, investors clearly expect firms to profit from their political connections. The one- and two-day average cumulative abnormal returns amount to 0.82% and 0.84%. These estimates are not driven by important observations, volatile stocks, or industry-wide developments, and placebo events yield no effects. Effects are larger for top government positions and less anticipated announcements, i.e., announcements for which the actual nominee was not rumoured to be the main candidate.”