Even Finance Professors Lean Left

As in most academic fields, the top academic finance departments and journals guide the direction of scholarly research. Preferences, tastes, and sensibilities of the faculty at the top finance departments and the editorial boards at top finance journals can have a considerable effect on the acceptable research questions in those journals. It is well known that a person’s political ideology shapes his outlook on scientific issues. Yet little is known about the political ideologies of finance professors at these elite institutions and journals. This analysis of the political party affiliations of faculty at the top twenty finance departments and of the editorial boards at the top three finance journals shows that both institutions lean considerably to the left. Results also suggest that finance departments will become even less politically diverse in the future