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Keywords: Government subsidies
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Journal Articles
Subsidies as stabilizers: firm-specific risk and political uncertainty
Available to Purchase
Journal:
Review of Corporate Finance
Review of Corporate Finance 1–24.
Published: 15 June 2026
...Benjamin Fudali; José Antonio Pérez-Amuedo The authors examine the effect of government subsidies on firm-specific risk in a panel of US firms. Both the receipt and magnitude of subsidies significantly reduce idiosyncratic volatility, measured using residuals from the Fama–French three- and five...
