Partisanship

    Papers & Opinions


    Paper


    Posted on 24 June 2025

    This paper studies how political alignment between a firm’s CEO and a state’s governor affects internal labor allocation. We find that firms increase employment in politically aligned states, especially when...

    Paper


    Posted on 30 April 2025

    How does partisanship affect inflation expectations? While most research focuses on how inflation impacts political approval and voter behavior, we analyze the political roots of inflation expectations. We argue that...

    Paper


    Posted on 6 January 2025

    This paper studies how partisanship affects mutual fund information processing at the firm level. Using textual analysis of earnings call transcripts, I identify discussions on partisan-sensitive topics, such as climate...

    Paper


    Posted on 19 April 2024

    How can we build trust, especially in polarized societies? We propose that exposure to broad financial markets—where individuals place their assets in the hands of large groups of unfamiliar agents...

    Paper


    Posted on 7 November 2022

    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...

    Paper


    Posted on 30 June 2022

    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,...

    Paper


    Posted on 4 October 2021

    Does partisan perception shape the flow of international capital? We provide evidence from two settings, syndicated corporate loans and equity mutual funds, to show that ideological alignment with foreign governments...

    Paper


    Posted on 27 September 2021

    We analyze the partisanship of Securities and Exchange Commissioners (SEC) and members of the Federal Reserve Board of Governors (Fed). Using the language-based approach of Gentzkow, Shapiro, and Taddy (Econometrica,...

    Opinion


    Posted on 17 August 2021

    Despite the commonly held views of economists on regulatory capture, our profession has been much more hesitant in recognising similar conflicts of interests that may exist in economics research. This...

    Paper


    Posted on 19 July 2021

    We document sharp differences in stock price responses to COVID-19-related news between public firms headquartered in blue counties (dominated by Democratic voters) and those in red counties (dominated by Republican...

    Paper


    Posted on 7 July 2021

    We analyze the institutional determinants of U.S. financial market regulation with a general model of the policy-making process in which legislators delegate authority to regulate financial risk at both the...

    Paper


    Posted on 3 July 2021

    Executive teams in U.S. firms are becoming increasingly politically polarized. We establish this new fact using political affiliations from voter registration records for top executives of S&P 1500 firms between...