The DOI matches its Crossref record; 52 of the 52 references it cites were found in a registry or an index.
Corporate Policies of Republican Managers
Open accessAbstract
We demonstrate that personal political preferences of corporate managers influence corporate policies. Specifically, Republican managers who are likely to have conservative personal ideologies adopt and maintain more conservative corporate policies. Those firms have lower levels of corporate debt, lower capital and research and development (R&D) expenditures, less risky investments, but higher profitability. Using the 9/11 terrorist attacks and Sept. 2008 Lehman Brothers bankruptcy as natural experiments, we demonstrate that investment policies of Republican managers became more conservative following these exogenous uncertainty-increasing events. Furthermore, around chief executive officer (CEO) turnovers, including CEO deaths, firm leverage policy becomes more conservative when managerial conservatism increases.
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Cites
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Do Lenders Favor Politically Connected Firms? Rent Provision in an Emerging Financial Market
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Are Overconfident CEOs Better Innovators?
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Are red or blue companies more likely to go green? Politics and corporate social responsibility
Di Giuli, A., & Kostovetsky, L. (2014) · Journal of Financial Economics · doi:10.1016/j.jfineco.2013.10.002 · Cited by 1,539
What Doesn't Kill You Will Only Make You More Risk‐Loving: Early‐Life Disasters and CEO Behavior
BERNILE, G., BHAGWAT, V., & RAU, P. R. (2017) · The Journal of Finance · doi:10.1111/jofi.12432 · Cited by 986
Hirshleifer, D. (2015) · Annual Review of Financial Economics · doi:10.1146/annurev-financial-092214-043752 · Cited by 497
Military experience and corporate tax avoidance
Law, K. K. F., & Mills, L. F. (2017) · Review of Accounting Studies · doi:10.1007/s11142-016-9373-z · Cited by 334
CEO social capital, risk-taking and corporate policies
Ferris, S. P., Javakhadze, D., & Rajkovic, T. (2017) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2017.09.003 · Cited by 286
Metadata
- Authors
- Hutton, I., Jiang, D., & Kumar, A.
- Venue
- Journal of Financial and Quantitative Analysis
- Publisher
- Cambridge University Press (CUP)
- Published
- 2014-12
- Volume
- 49
- Issue
- 5-6
- Pages
- 1279-1310
- ISSN
- 0022-1090 (ISSN-L)
- 1756-6916
- OpenAlex
- W3123943331
- Cited by
- 425
- References
- 52
- FWCI
- 27.46
- Type
- journal article
- Language
- en
- Open access
- green
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
