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来源类型Working Paper
规范类型报告
DOI10.3386/w30183
来源IDWorking Paper 30183
The Political Polarization of Corporate America
Vyacheslav Fos; Elisabeth Kempf; Margarita Tsoutsoura
发表日期2022-06-27
出版年2022
语种英语
摘要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 increased assortative matching by executives on political affiliation. Departures of politically misaligned executives are value-destroying for shareholders, implying the increasing political polarization of corporate America may not be in the financial interest of shareholders.
主题Financial Economics ; Corporate Finance
URLhttps://www.nber.org/papers/w30183
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/587856
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GB/T 7714
Vyacheslav Fos,Elisabeth Kempf,Margarita Tsoutsoura. The Political Polarization of Corporate America. 2022.
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