Voting

    Papers & Opinions

    Corporate finance | Theory

    Voting on Public Goods: Citizens vs Shareholders

    Paper

    Posted on 10 July 2024

    By Magdalena Rola-Janicka

    We study the interplay between a "one person-one vote" political system and "one share-one vote" corporate governance regime. The political system sets Pigouvian subsidies, while corporate governance determines firm-specific public...
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    Electoral politics | Empirics | Political institutions

    Valuing Peace: The Effects of Financial Market Exposure on Votes and Political Attitudes

    Paper

    Posted on 1 May 2024

    By Saumitra Jha

    Can participation in financial markets lead individuals to reevaluate the costs of conflict, change their political attitudes, and even their votes? Prior to the 2015 Israeli elections, we randomly assigned...
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    Corporate finance | Electoral politics | Theory

    Corporate Political Interests in Absentia

    Paper

    Posted on 5 October 2023

    By Stylianos Papageorgiou

    We formalize Zingales' (2017) argument about the link between corporate economic characteristics and political influence in a setup that exhibits an inverse relationship between citizens' participation in production and the...
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    Corporate finance | Theory

    Group-Managed Real Options

    Paper

    Posted on 14 June 2022

    By ALI LAZRAK

    We study a standard real-option problem in which sequential decisions are made through voting by a group of members with heterogeneous beliefs. We show that, when facing both investment and...
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    Corporate finance | Political institutions | Theory

    Voting in Shareholders Meetings

    Paper

    Posted on 20 September 2021

    By Laurent Bouton

    This paper studies voting in shareholders meetings. We focus on the informational efficiency of different voting mechanisms, taking into account that they affect both management's incentives before the meeting and...
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    Special interest politics

    Self-funding of Political Campaigns

    Paper

    Posted on 13 September 2021

    By Philip Valta

    Candidate self-funding, in particular self-loans, is a significant source of funding of political campaigns.  Self-funding clusters among newcomers, Senate campaigns and Republican campaigns.  Self-funded campaigns raise less money from individuals...
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