Karadas, Serkan; Papakroni, Jorida; Schlosky, Minh Tam - In: International Journal of Financial Studies : open … 10 (2022) 2, pp. 1-17
This study examines the relationship between corporate managers' political ideology and corporate leverage policies … Republican managers significantly reduce leverage during periods of high investor sentiment. To the best of the authors …' knowledge, this paper is the first to document that Republican managers are not swayed by the general tendency to increase …