Papers & Opinions

Banking | Corporate finance | Electoral politics | Empirics | Financial markets | Media | Political institutions

Political Polarization and Finance

Paper

Posted on 5 August 2024

By Elisabeth Kempf

We review an empirical literature that studies how political polarization affects financial decisions. We first discuss the degree of partisan segregation in finance and corporate America, the mechanisms through which...
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Empirics | Financial markets | Media

The Stock Market’s Response to the Political Affiliation of News Sources

Paper

Posted on 7 November 2022

By Alberto Manconi

We use the acquisition of Dow Jones & Co. by News Corporation in 2007 to study whether investors respond to a news source’s political affiliation. Following the acquisition, the price...
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Financial markets | Media

Friends in Low Places: The Impact of Political Scandals on Connected Firms’ Stock Prices

Paper

Posted on 24 October 2022

By Susanne Preuss

Having “friends in high places” can bring many benefits. But what happens if these “friends” are involved in shady business dealings, use taxpayer funds to finance lavish offices or vacations,...
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Empirics | Financial markets | Media

Corporate Response to the Black Lives Matter Movement

Paper

Posted on 30 June 2022

By AJ Chen

We investigate determinants that encourage companies to speak out via twitter or their websites in support of Black Lives Matter (BLM) after the death of George Floyd on May 25,...
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Electoral politics | Media | Regulation

Finance and Politics: New Insights

Opinion

Posted on 4 August 2021

By Orkun Saka

A rapidly expanding literature has shown the importance of political economy factors for legislative and regulatory actions in the financial sector and ultimately financial sector stability and efficiency. This column...
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