Papers & Opinions


Paper


Posted on 10 July 2024

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...

Paper


Posted on 1 May 2024

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...

Paper


Posted on 5 October 2023

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...

Paper


Posted on 14 June 2022

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...

Paper


Posted on 20 September 2021

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...

Paper


Posted on 13 September 2021

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...