The personal wealth interests of politicians and government intervention in the economy
Journal
Review of Finance
Subject
Accounting
Publishing details
Authors / Editors
Tahoun A;Van Lent L
Biographies
Publication Year
2019
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.
Keywords
Banks; Depository institutions; Micro finance institutions; Mortgages; Firm behaviour; Search; Learning
Available on ECCH
No