Working Paper
Law, Finance, and Politics: The Case of India
The process of liberalization of India's economy since 1991 has brought with it considerable development both of its financial markets and the legal...
Read moreThe Politics of CEOs
This article studies the political preferences of chief executive officers (CEOs) of public companies. We use Federal Election Commission records to...
Read moreDifferent Approaches to Corporate Reporting Regulation: How Jurisdictions Differ and Why
This paper discusses differences in countries’ approaches to reporting regulation and explores the reasons why they exist in the first place as well...
Read moreWho Directs the Fed?
During the financial crisis, questions arose concerning links between the Federal Reserve and the business community. This paper provides the first...
Read moreCross-Border Venture Capital Investments: What Is the Role of Public Policy?
Cross-border venture capital (VC) investments play an important role in the scaling up of high-growth companies. However, policymakers worry that...
Read moreThe Incredible Shrinking Stock Market: On the Political Economy Consequences of Excessive Delistings
Over the past two decades, the U.S. stock market has halved in size as the "public firm model" has begun to fall out of favor. We develop a political economy...
Read moreThe Corporate Value of (Corrupt) Lobbying
Using an event study, we examine whether the stock market considers corporate lobbying to be a value-enhancing investment. On January 3, 2006, lobbyist...
Read moreFriends in High Places: Political Ties and SEC Oversight of Foreign Firms
In this paper, we examine the effect of country-level political relationships on SEC oversight of US-listed foreign firms, ranging from routine review...
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