---
title: Govt. Spending & Industry Stars
url: https://www.ml-quant.com/papers/ssrn/5148873/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 5148873
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5148873
featured: 2025-03-05
citations: unknown
topic: Corporate Finance
---


# Govt. Spending & Industry Stars

The article reveals that firms with large, persistent government spending contracts earn abnormal returns and gain market share, resulting in increased profitability and rising industry status.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5148873
- Identifier: SSRN 5148873
- Released: 2025-02-01
- First featured: Quant Letter No. 87 (2025-03-05): https://www.ml-quant.com/issues/2025-03-05/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Corporate Finance

## Related

- [ESG Reputation Risk Matters: An Event Study Based on Social Media Data](https://www.ml-quant.com/papers/arxiv/2307.11571/): The paper examines the influence of social media on shareholders' reactions to Environmental, Social, and Governance-related reputational risks, revealing a significant decrease in abnormal returns after an ESG-risk event.
- [Articulate AnyMesh: Open-Vocabulary 3D Articulated Objects Modeling](https://www.ml-quant.com/papers/arxiv/2502.02590/): 3D Object Modeling: Articulate Anymesh is a framework that transforms any rigid 3D mesh into an articulated object, aiding in the acquisition of new object manipulation skills in robotics.
- [Using firm-level supply chain networks to measure the speed of the energy transition](https://www.ml-quant.com/papers/arxiv/2503.01572/): Research indicates Hungary's transition to low-carbon electricity is too slow to achieve climate neutrality by 2050 due to a 'lock-in' effect.
- [The Impact of Employee Education and Health on Firm-Level TFP in China](https://www.ml-quant.com/papers/arxiv/2503.00085/): A study on Chinese companies shows that employee health and education significantly affect productivity, but further health improvements may yield diminishing returns for highly educated individuals.
- [SOE's ESG Performance on Financial Flexibility: The Evidence from the Hong Kong Stock Market](https://www.ml-quant.com/papers/arxiv/2502.14261/): Research shows that Hong Kong companies with strong environmental, social, and governance (ESG) performance between 2018 and 2022 have better financial flexibility, especially in unstable economies.
- [The Endurance of Identity-Based Voting: Evidence from the United States and Comparative Democracies](https://www.ml-quant.com/papers/arxiv/2502.16524/): A paper suggests tribalism is a fundamental aspect of democracy, with group identities prioritized over policy due to electoral competition, institutional rules, and digital networks, affecting democratic governance.
