Research & Publications Office to host seminar on ‘Attracting the Sharks: Corporate Lobbying and Short Selling’ on 7 July
The talk will be delivered by Prof. Arun Upadhyay, Florida International University
1 July, 2025, Bengaluru: The Office of Research and Publications (R&P) will host a seminar on, ‘Attracting the Sharks: Corporate Lobbying and Short Selling’, to be led by Prof. Arun Upadhyay, Florida International University (Finance & Accounting area), at 12 pm on 7th July 2025, at P22.
Abstract: The research examines the relationship between corporate lobbying and information leakage. The analysis indicates that firms engaged in corporate lobbying experience substantially higher short sales prior to unfavorable unexpected earnings announcements than non-lobbying firms. Information leakage is more prominent in firms with weaker corporate governance and when firms employ low-reputation lobbyists. Furthermore, short sale interest in lobbying firms contains critical information in predicting stock returns up to sixty trading days after an unfavorable earnings announcement. However, the researchers find no evidence of predictability in non-lobbying firms.
Speaker Profile: Dr. Arun Upadhyay is the Knight Ridder Eminent Scholar Endowment Chair Professor, Department of Finance, at Florida International University. His research focuses on corporate governance issues. He studies corporate leadership structure, board structure, financial reporting and executive compensation. He has published articles on these topics in journals such as The Accounting Review, Strategic Management Journal, Journal of Financial and Quantitative Analysis, Financial Management, Journal of Corporate Finance, Journal of Banking & Finance, Journal of Risk and Insurance, and Journal of Business Finance & Accounting.
Webpage Link: https://business.fiu.edu/about/directory/profile/upadhyaya
Research & Publications Office to host seminar on ‘Attracting the Sharks: Corporate Lobbying and Short Selling’ on 7 July
The talk will be delivered by Prof. Arun Upadhyay, Florida International University
1 July, 2025, Bengaluru: The Office of Research and Publications (R&P) will host a seminar on, ‘Attracting the Sharks: Corporate Lobbying and Short Selling’, to be led by Prof. Arun Upadhyay, Florida International University (Finance & Accounting area), at 12 pm on 7th July 2025, at P22.
Abstract: The research examines the relationship between corporate lobbying and information leakage. The analysis indicates that firms engaged in corporate lobbying experience substantially higher short sales prior to unfavorable unexpected earnings announcements than non-lobbying firms. Information leakage is more prominent in firms with weaker corporate governance and when firms employ low-reputation lobbyists. Furthermore, short sale interest in lobbying firms contains critical information in predicting stock returns up to sixty trading days after an unfavorable earnings announcement. However, the researchers find no evidence of predictability in non-lobbying firms.
Speaker Profile: Dr. Arun Upadhyay is the Knight Ridder Eminent Scholar Endowment Chair Professor, Department of Finance, at Florida International University. His research focuses on corporate governance issues. He studies corporate leadership structure, board structure, financial reporting and executive compensation. He has published articles on these topics in journals such as The Accounting Review, Strategic Management Journal, Journal of Financial and Quantitative Analysis, Financial Management, Journal of Corporate Finance, Journal of Banking & Finance, Journal of Risk and Insurance, and Journal of Business Finance & Accounting.
Webpage Link: https://business.fiu.edu/about/directory/profile/upadhyaya