Executive teams in U.S. firms are becoming increasingly partisan. We establish this new fact using political affiliations from voter registration records for top executives of S&P 1500 firms between 2008 and 2020. The new fact is explained by both an increasing share of Republican executives and...

Executive teams in U.S. firms are becoming increasingly partisan. We establish this new fact using political affiliations from voter registration records for top executives of S&P 1500 firms between 2008 and 2020. The new fact is explained by both an increasing share of Republican executives and...

This paper studies the differential effect of a major political regime change in India on firm outcomes in different parts of the country, depending upon the relative number of elected representatives of the new ruling political party. It tests the hypothesis that BJP coming to power in the...

Executive teams in U.S. firms are becoming increasingly partisan. We establish this new fact using political affiliations from voter registration records for top executives of S&P 1500 firms between 2008 and 2020. The new fact is explained by both an increasing share of Republican executives and...

The essay explains how ranked-choice voting leads to election outcomes that better represent what voters want compared with first-past-the-post, the traditional American voting system. It also shows that there is an even better system: majority-rule

How special interests shape legislative decisions is a fundamental question in political economy. In this paper, we examine the influence of corporations on climate change legislation, which plays an important role in addressing the negative externalities associated with greenhouse gas...

We examine stakeholder responses to publicly traded firms speaking out on voting reform laws in the U.S. State of Georgia via the lens of retail customer store traffic. For firms that speak out, we find that the number of customer visits and the number of visitors at their individual store...

Voting errors occur when bad proposals pass (false positives) and good proposals fail (false negatives). We develop a structural empirical framework to study voting errors for shareholder proposals. Our estimates inform policy debates on proxy access and proxy advisor regulation. Just over 5% of...

Do politically administered mass layoffs undermine trust and political interest? During the German reunification, formerly state-owned socialist firms in East Germany were privatized by the Treuhand, which came at the cost of massive job losses and public protest. I demonstrate that these...

We study the electoral impact of protesting against the far right by investigating the demonstrations held during the 2002 French presidential elections against far-right candidate Jean-Marie Le Pen. Instrumenting rally attendance with rainfall while factoring in that some municipalities never...