Political Economy

History of Corporate Ownership in Italy

The Politics of Related Lending

The Politics of CEOs

This article studies the political preferences of chief executive officers (CEOs) of public companies. We use Federal Election Commission records to...

CEO Social Power, Board Inclusiveness, and Corporate Performance after Ethnic Conflicts

We investigate the impact of CEO power on corporate performance in Sri Lanka, characterized by demarcated ethno-linguistic and religious boundaries...

Shareholder Protection, Stock Market Development, and Politics

The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research

This paper discusses the empirical literature on the economic consequences of disclosure and financial reporting regulation, drawing on U.S. and...

Avoiding Eight-Alarm Fires in the Political Economy of Systemic Risk Management

Cross-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...

The Externalities of Mandatory ESG Disclosure

We study the potential negative externalities of mandatory environmental, social, and governance (ESG) disclosure. Our analysis exploits a unique...

The Economics and Politics of Corporate Governance in the European Union

Law, Politics and the Rise and Fall of German Stock Market Development, 1870-1938

Law and politics had a significant impact on stock market development in Germany between 1870 and the beginning of World War II. IPOs can be a bellwether...

The Pay Divide: (Why) Are U.S. Top Executives Paid More?