The personal wealth interests of politicians and government intervention in the economy

Jahr: 2019

Typ: Journal Publication

Fachzeitschrift: Review of Finance

Abstract

We examine whether there is a correlation between personal wealth interests of politicians and their decisions to intervene in the economy. We use the setting of the government’s support of financial institutions under the 2008 Emergency Economic Stabilization Act. We find that the personal wealth interests of politicians are positively associated with voting in favor of the EESA.

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TRR 266 researchers

Laurence van Lent Frankfurt School of Finance & Management

Laurence van Lent is a Professor of Accounting and Economics at the Frankfurt School of Finance and Management. His current research interests include the political economy of financial markets, the biological roots of executive behavior, and organizational design and performance management. He currently holds editorial responsibility at The Accounting Review and the Journal of Accounting Research, two of the leading journals in the field. Van Lent’s research has been published in top journals in economics, management, finance, and accounting. He is particularly interested in the education of Ph.D. students and among his past students are tenured professors at the University of Chicago, LBS, and Melbourne.

External researchers

Ahmed Tahoun

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To cite this article

Tahoun, A., & van Lent, L. (2019). The personal wealth interests of politicians and government intervention on the economy. Review of Finance, 23(1), 37-74. https://doi.org/10.1093/rof/rfy015

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