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I examine whether stock ownership by politicians helps to enforce noncontractible quid pro quo relations with firms …. This bias toward contributors depends on the financial incentives of politicians and the relation's value. Firms with a … economically large. When politicians divest stocks, firms discontinue contributions to the politicians, lose future contracts, and …
Persistent link: https://www.econbiz.de/10010718737
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...
Persistent link: https://www.econbiz.de/10012862184
previous work in this area. We find that politicians with similar beliefs hold similar portfolios and that more liberal members … engage in more socially responsible investing (SRI), even within political parties. Politicians disproportionately favor the …
Persistent link: https://www.econbiz.de/10012967811
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This paper establishes the presence of a substantial gender gap in the relationship between state legislature service and the subsequent pursuit of a Congressional career. The empirical approach uses a sample of mixed-gender elections to compare the differential political career progression of...
Persistent link: https://www.econbiz.de/10012064423
This paper establishes the presence of a substantial gender gap in the relationship between state legislature service and the subsequent pursuit of a Congressional career. The empirical approach uses a sample of mixed-gender elections to compare the differential political career progression of...
Persistent link: https://www.econbiz.de/10012100340
Persistent link: https://www.econbiz.de/10014303272
Can one single political leader influence macroeconomic expectations on a global scale? We design a large-scale survey experiment among influential economic experts working in more than 100 countries and use the 2020 US presidential election as a quasi-natural experiment to identify the effect...
Persistent link: https://www.econbiz.de/10013383634
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