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corruption when politicians otherwise perform well in office, delivering public goods to their constituents. We test these …What explains persistent political corruption in many young democracies? Focusing on the effects of corruption on … individual-level attitudes, we present two hypotheses for why citizens might be willing to cast ballots for corrupt politicians …
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, this Chapter seeks to understand corruption through the lens of political economy – particularly in terms of the political … view of corruption for anti-corruption policies. …
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We show that stock prices underreact when there is a political event, reflected in higher momentum returns. We conjecture that political news crowds out stock news cause investors to distract, trade more indexes and underreact to firm specific news. We analyze momentum returns following general...
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-run and (ii) experts’ uncertainty increased after the election. Our results suggest that exceptional politicians influence …
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