a column by Patrick Bolton, Tao Li, Enrichetta Ravina and Howard Rosenthal for VOX: CEPR’s Policy Portal
The majority of shares in publicly traded companies in the US are held by institutional investors, who collectively have a large say on the broad objectives of these corporations.
This column shows that there is a systematic correlation between the type of institutional investor and their shareholder voting ideology. The two key dimensions of ideology are social responsibility and management discipline.
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As someone who prefers images to words I really appreciate the clarity of the charts and graphs that accompany the text of these VOX reports. Hazel.
Showing posts with label voting. Show all posts
Showing posts with label voting. Show all posts
Wednesday, 14 August 2019
Tuesday, 16 October 2018
The curiously varied impact of recessions on political stability: New evidence
a column by Nathan Nunn, Nancy Qian and Jaya Wen for VOX: CEPR’s Policy Portal
Cultural values and beliefs have an impact on social and economic development, but the interplay between culture and political institutions is still not well understood.
This column examines the effect of trust on political stability in democratic and non-democratic regimes, specifically in the face of severe economic downturns.
It finds that democratic regimes with high levels of trust are much less likely to experience leader turnover than low-trust countries, while there is no effect among non-democracies, and that countries with higher levels of trust experience faster economic growth in the years immediately following a recession.
Continue reading
Cultural values and beliefs have an impact on social and economic development, but the interplay between culture and political institutions is still not well understood.
This column examines the effect of trust on political stability in democratic and non-democratic regimes, specifically in the face of severe economic downturns.
It finds that democratic regimes with high levels of trust are much less likely to experience leader turnover than low-trust countries, while there is no effect among non-democracies, and that countries with higher levels of trust experience faster economic growth in the years immediately following a recession.
Continue reading
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