作者：Mehta, Mihir N.; Srinivasan, Suraj; Zhao, Wanli
作者单位：University of Michigan System; University of Michigan; Harvard University; Renmin University of China
摘要：Antitrust regulators play a critical role in protecting market competition. We examine whether the political process affects antitrust reviews of merger transactions. We find that acquirers and targets located in the political districts of powerful U.S. congressional members who serve on committees with antitrust regulatory oversight receive relatively favorable antitrust review outcomes. To establish causality, we use plausibly exogenous shocks to firm-politician links and a falsification tes...
