RT info:eu-repo/semantics/article
T1 Is Squatting a Good Business for the Security Industry? A Case Analysis from Spain
A1 González Fernández, Marcos
A1 González Velasco, María del Carmen
A2 Economia Financiera y Contabilidad
K1 Economía
K1 Política
K1 Urbanismo
K1 Squatter movement
K1 Security business
K1 Google searches
K1 Prosegur
K1 Stock markets
AB [EN] The aim of this paper is to analyze the relation between the rise of the squatter movement in Spain and the evolution of firms involved into the security and surveillance business. We hypothesize that the upsurge of this phenomenon might benefit the evolution of these companies. Using Google searches to measure the citizens’ attention and concerns to the squatter movement, we analyze their impact on the evolution of the unique security company listed in the Spanish stock market: Prosegur. The empirical analysis points out to a positive and significant relationship, which is robust to the inclusion of other market variables. Moreover, we find out that this relationship disappears or turns negative for other types of firms and for the stock market in general, suggesting that our measure of attention to the squatter movement might actually be a proxy for an impairment of the rule of law in Spain.
PB SSRN
LK https://hdl.handle.net/10612/18466
UL https://hdl.handle.net/10612/18466
NO González-Fernández, M., y González-Velasco, C. (2021). Is Squatting a Good Business for the Security Industry? A Case Analysis from Spain. SSRN. https://doi.org/10.2139/SSRN.3792884
DS BULERIA. Repositorio Institucional de la Universidad de León
RD 21-may-2024