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argument that the Crisis was caused by deregulation, this article assesses to what extent the financial industry influenced the … legislative process underlying these reforms. The hypothesis is that, during the deregulation process, the financial industry … support deregulation. Providing systematic empirical evidence of capture, the results support the literature labelling the …
Persistent link: https://www.econbiz.de/10014370438
Despite the well-documented benefits of political participation, few firms engage in politics. We argue that low levels of corporate political participation can be rationalized by financial incentives of employees and shareholders who are the ultimate source of corporate contributions. Since...
Persistent link: https://www.econbiz.de/10012841924
We study the relation between CEO and employee campaign contributions and find that CEO-supported political candidates receive three times more money from employees than the candidates not supported by the CEO. This relation holds around CEO departures, including plausibly exogenous departures...
Persistent link: https://www.econbiz.de/10012902011
What is the impact of campaign spending on votes? Does it vary across election types and across political parties? Estimating these effects requires comprehensive data on spending across candidates, parties and elections, as well as identification strategies that successfully deal with the...
Persistent link: https://www.econbiz.de/10012899983
This paper examines the effects of lobbying activities across international borders, on determining each country's import tariff in a multi-principal, multi-agent, menu-auction model. Cross-border political donations could promote international policy cooperation because of two of their...
Persistent link: https://www.econbiz.de/10014063822
Persistent link: https://www.econbiz.de/10002962805
This paper examines the effects of lobbying activities across international borders, on determining each country s import tariff in a multi-principal, multi-agent, menu-auction model. Cross-border political donations could promote international policy cooperation because of two of their...
Persistent link: https://www.econbiz.de/10011612549
Persistent link: https://www.econbiz.de/10001235348
Persistent link: https://www.econbiz.de/10015080553
institutional performance are even larger, while financial deregulation in former socialist countries tends to worsen institutional …
Persistent link: https://www.econbiz.de/10009534053