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Author: Pierre J. Jaffard Publisher: ISBN: Category : Languages : en Pages : 53
Book Description
I develop a three-period asset pricing model with heterogeneity in firms size and a government that introduces a policy distortion. I find that large firms can better hedge the political uncertainty associated with this policy change through lobbying, which leads them to earn lower expected returns. I provide two strands of empirical evidence consistent with the model predictions. The first one looks at the behavior of a blue versus red industries around the unexpected results of the 2016 US Presidential election. The second one uses portfolio sorting and double-sorting to reach consistent conclusions.
Author: Pierre J. Jaffard Publisher: ISBN: Category : Languages : en Pages : 53
Book Description
I develop a three-period asset pricing model with heterogeneity in firms size and a government that introduces a policy distortion. I find that large firms can better hedge the political uncertainty associated with this policy change through lobbying, which leads them to earn lower expected returns. I provide two strands of empirical evidence consistent with the model predictions. The first one looks at the behavior of a blue versus red industries around the unexpected results of the 2016 US Presidential election. The second one uses portfolio sorting and double-sorting to reach consistent conclusions.
Author: Allan J. Cigler Publisher: Rowman & Littlefield ISBN: 1538124645 Category : Political Science Languages : en Pages : 323
Book Description
Interest Group Politics is the only comprehensive collection of articles on interest groups and lobbying written for undergraduates. The tenth edition offers 15 new contributions on a variety of topics, including classic analyses of how groups organize and seek to affect public policy, emerging trends such as the growth of transgender groups, and fresh studies that examine how lobbying has evolved in the Trump era. No other text or reader provides the breath of coverage or the strength of detail in exploring the world of organized interests, from their internal structure to their electoral politics to their lobbying activities. The talented scholars in this edition, like those in previous volumes, continue to seek answers to a host of questions as to how groups evolve, how they compete with similar groups, how they influence elections, and how they lobby—across a wide range of issues.
Author: Anthony J. Nownes Publisher: Cambridge University Press ISBN: 1139457861 Category : Political Science Languages : en Pages : 7
Book Description
This book offers a scholarly yet accessible overview of the role of lobbying in American politics. It draws upon extant research as well as original data gathered from interviews with numerous lobbyists across the United States. It describes how lobbyists do their work within all branches of government, at the national, state, and local levels. It thus offers a substantially broader view of lobbying than is available in much of the research literature. Although tailored for students taking courses on interest group politics, Total Lobbying offers an indispensable survey of the field for scholars and others concerned with this important facet of American politics.
Author: Robert Healy Publisher: Routledge ISBN: 1317814797 Category : Political Science Languages : en Pages : 385
Book Description
Corporate Political Behavior centers on why corporations do what they do in politics. The text draws upon insights from the author’s forty years of government and political experience—insights placed within an operating framework grounded in the political science and strategic issue management disciplines. Robert Healy argues that corporate political behavior results from the interplay of behavioral drivers—commercial objectives, competitive political advantage, corporate political culture and leadership—and behavioral enablers—political capital, corporate political reputation, corporate campaign financing, and corporate political clout. This interplay all functions within a three-world environment: market, non-market, and internal corporate. The book examines how these factors structure a firm’s political positioning, its business-political strategies, and its political behavior as it seeks to attain its marketplace goals. The text features in-chapter side bars— events, or circumstances or political happenings of which the author either knew or participated—along with longer mini-cases in which the author also participated or was consulted. Each chapter concludes with a summary and takeaway points. Corporate Political Behavior will be applicable to courses in political science and in business school courses on strategic issue management, policy construction, corporate agency and corporate strategy, as well as of interest to corporations and practitioners.
Author: Philippe Gugler Publisher: Edward Elgar Publishing ISBN: 1035308681 Category : Business & Economics Languages : en Pages : 525
Book Description
Presenting essential research on contemporary foreign direct investment policies, this Handbook identifies the wide variety of global policy challenges linked to modern technological, geostrategic and entrepreneurial developments, from electoral uncertainties to rapid digitalization.
Author: Vikas Agarwal Publisher: Now Publishers Inc ISBN: 1933019174 Category : Business & Economics Languages : en Pages : 85
Book Description
Hedge Funds summarizes the academic research on hedge funds and commodity trading advisors. The hedge fund industry has grown tremendously over the recent years. According to some industry estimates, hedge funds have increased from $39 million in 1990 to about $972 million in 2004 and the total number of hedge funds has gone up from 610 to 7,436 over the same period. At the same time, hedge fund strategies have changed significantly. In 1990 the macro strategy dominated the industry while in 2004 the equity hedge strategy had the largest share of the market. There has also been a shift in the type of investor in hedge funds. In the early 1990's the typical investor was a high net-worth individual investor, today the typical investor is an institutional investor. Thus, the hedge fund market has not only grown tremendously, but the nature of the market has changed. Despite the enormous growth of this industry, there is limited information available on hedge funds. As a result, there is a need for rigorous research from both the investors' and regulators' point of view. Investors need research to better understand their investment and their risk exposure. This research also helps investors recognize the extent of diversification benefits hedge funds offer in combination with investments in traditional asset classes, such as stocks and bonds. Regulators can use this research to identify situations where regulation may be needed to protect investors' interests and to understand the impact hedge funds trading strategies have on the stability of the financial markets. The first part of Hedge Funds summarizes hedge fund performance, including comparisons of risk-return characteristics of hedge funds with those of mutual funds, factors driving hedge fund returns, and persistence in hedge fund performance. The second part reviews research regarding the unique contractual features and characteristics of hedge funds and their influence on the risk-return tradeoffs. The third part reviews the role of hedge funds in a portfolio including the extent of diversification benefits and limitations of standard mean-variance framework for asset allocation. Finally, the authors summarize the research on the biases in hedge fund databases.
Author: Arco Timmermans Publisher: Edward Elgar Publishing ISBN: 1803920289 Category : Political Science Languages : en Pages : 417
Book Description
In this innovative Handbook, Arco Timmermans brings together a diverse range of experts to scrutinise the current field of public affairs, what can be learned from it and its compatibility with democracy and open society. Through this multidisciplinary focus on knowledge and competencies, the Handbook aims to closely connect the spheres of research and practice within public affairs.
Author: Pierre J. Jaffard
Author: Pierre J. Jaffard
Author: Allan J. Cigler
Author: Alon Brav
Author: Anthony J. Nownes
Author: Robert Healy
Author: Philippe Gugler
Author: 
Author: Vikas Agarwal
Author: Arco Timmermans
Author: