Political ideology

    Papers & Opinions

    Electoral politics | Empirics | Financial markets | Political institutions | Special interest politics

    Markets under Siege: How Political Beliefs Move Financial Markets

    Paper

    Posted on 12 October 2024

    By Saumitra Jha

    Can political beliefs, particularly about benefits of war versus peace, move thick financial markets? We document that following an unlikely victory by French citizen-soldiers during the German Siege of Paris...
    READ MORE

    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...
    READ MORE

    Corporate finance | Empirics | Political institutions

    Ruling with Ideology: Politicians’ Beliefs and Privatization

    Paper

    Posted on 3 October 2022

    By Linxiang Ma

    Ideology, the belief system about "how the society should be governed" that some group of people collectively sustains, is a critical factor that motivates economic decisions in democratic countries. However,...
    READ MORE

    Corporate finance | Electoral politics | Empirics

    Smokestacks and the Swamp

    Paper

    Posted on 25 August 2022

    By Stefan Lewellen

    We examine the causal effect of politicians' partisan ideologies on firms' industrial pollution decisions. Using a regression discontinuity design involving close U.S. congressional elections, we show that plants increase pollution...
    READ MORE

    Central banking | Electoral politics | Political institutions

    Ideology and Monetary Policy

    Paper

    Posted on 25 May 2022

    By Nicolo Fraccaroli

    We investigate the link between ideology and the sentiments of parliamentarians when they speak to the central bank they hold accountable. To this end, we collect textual data on the...
    READ MORE

    Banking | Corporate finance | Electoral politics | Financial markets

    Does Political Partisanship Cross Borders? Evidence from International Capital Flows

    Paper

    Posted on 4 October 2021

    By Elisabeth Kempf

    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...
    READ MORE

    Corporate finance | Empirics | Political institutions

    Finance and Ideology: The Firm-Level Channels

    Paper

    Posted on 22 June 2021

    By Haikun Zhu

    We investigate how politicians’ ideologies affect economic outcomes and financial development through firm-level channels. We explore a unique setting of ideological change in China from Mao’s ideology to Deng’s around...
    READ MORE