| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16533 |
| DP16533 Political Ideology and International Capital Allocation | |
| Elisabeth Kempf; Margarita Tsoutsoura; Larissa Schäfer; Mancy Luo | |
| 发表日期 | 2022-06-17 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Does investors' political ideology shape international capital allocation? We provide evidence from two settings---syndicated corporate loans and equity mutual funds---to show ideological alignment with foreign governments affects the cross-border capital allocation by U.S. institutional investors. Ideological alignment on both economic and social issues plays a role. Our empirical strategy ensures direct economic effects of foreign elections or government ties between countries are not driving the result. Ideological distance between countries also explains variation in bilateral investment. Combined, our findings imply ideological alignment is an important, omitted factor in models of international capital allocation. |
| 主题 | Financial Economics |
| 关键词 | Elections Capital flows Syndicated loans Mutual funds Polarization Ideology |
| URL | https://cepr.org/publications/dp16533-2 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546451 |
| 推荐引用方式 GB/T 7714 | Elisabeth Kempf,Margarita Tsoutsoura,Larissa Schäfer,et al. DP16533 Political Ideology and International Capital Allocation. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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