Investments

    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...
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    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...
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