財金系擬於 5/28 (四) 邀請 University of Wisconsin Milwaukee 的 Prof. Hung-Chia Hsu 至本所進行專題演講，相關訊息如下：
時間: 5/28 (四) 14:30-16:30
講者: Prof. Hung-Chia Hsu
講題: Politically Connected Private Equity and Employment
We investigate the employment consequences of private equity buyouts. We find that, on average, buyouts by politically connected private equity firms are associated with higher job creation at the establishments operated by their target firms than buyouts by non-connected private equity firms. Consistent with an exchange of favors story, establishments operated by targets of politically connected private equity firms increase employment more during election years, in swing states, and in states with high levels of corruption. Further, the likelihood that the incumbent will be re-elected increases as employment increases. We also provide evidence of specific benefits experienced by target firms from their political connections. Our conclusions are corroborated by a number of tests designed to mitigate specific selection concerns, including placebo tests of unsuccessful takeover attempts.