Papers & Opinions

Corporate finance | Empirics | Political institutions

Corporate Cash under Populist Leadership: A Tale of Two Variants

Paper

Posted on 12 February 2025

By Wei-Fong Pan

How do firms manage liquidity in populist-led countries? Using close elections involving populists, we test two hypotheses: populism prompts firms to either (i) increase cash holdings due to political risk...
READ MORE

Empirics | Financial markets | Political institutions

House of Funds

Paper

Posted on 15 November 2021

By Nataliya Gerasimova

I document that political connections are an important driver of investment strategies of U.S. mutual funds. I collect data on mutual fund holdings of U.S. Congress members and equity holdings...
READ MORE