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  • 2024
  • Article

Political Polarization and Finance

By: Elisabeth Kempf and Margarita Tsoutsoura
We review an empirical literature that studies how political polarization affects financial decisions. We first discuss the degree of partisan segregation in finance and corporate America, the mechanisms through which partisanship may influence financial decisions, and... View Details
Keywords: Government and Politics; Investment Portfolio; Decisions; Governance
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  • June 2024 (Revised January 2025)
  • Background Note

Politics Comes to ESG Investing

By: Shawn Cole and Jonah Zahnd
While the past decade has seen a dramatic increase in the incorporation of Environmental, Social and Governance (ESG) standards into investor practices, this momentum has shifted recently in the United States, as some politicians argued that ESG investing practices... View Details
Keywords: Investment; Corporate Social Responsibility and Impact; United States
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  • 12 Jan 2015
  • Research & Ideas

Regulators Ease Up on Companies Generating Political Benefits

We all know how political influence works: company X donates money to politician Y, and then that pol leans on regulator Z to go easy on his new best friend. In economic parlance, that circle of... View Details
Keywords: by Michael Blanding
  • Jul 2003 - 2003
  • Conference Presentation

The Politics of Technological Change: How Firms Act to Influence the Decisions of Public Authorities Regarding Technological Change

By: Julie Battilana
Keywords: Technology; Change; Decision Making
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  • 01 Sep 2007
  • News

A Man of Influence

encompass political consulting. After doing some work for LBJ, the vice president asked Valenti to run President Kennedy’s reelection campaign fundraiser in Houston — hardly friendly territory for an Irish-Catholic Yankee. Pleased with... View Details
  • 2008
  • Chapter

Southeast Asia and the Political Economy of Development

By: Regina M. Abrami and Richard Doner
This chapter assesses contemporary qualitative research on Southeast Asia and its contribution to the field of political economy. It focuses especially on the political origins of economic institutions and their influence on economic performance. It provides evidence... View Details
Keywords: Development Economics; Entrepreneurship; Government and Politics; Research; Southeast Asia
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  • 25 Nov 2019
  • News

Business and the Politics of Climate Change

  • 11 Aug 2014
  • News

Politics and Dirty Data

  • 2011
  • Working Paper

The Power of Political Voice: Women's Political Representation and Crime in India

By: Lakshmi Iyer, Anandi Mani, Prachi Mishra and Petia Topalova
Using state-level variation in the timing of political reforms, we find that an increase in female representation in local government induces a large and significant rise in documented crimes against women in India. Our evidence suggests that this increase is good... View Details
Keywords: Leadership; Crime and Corruption; Local Range; Laws and Statutes; Law Enforcement; Gender; Power and Influence; Public Administration Industry; India
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  • Research Summary

The Political Economy of Bilateral Foreign Aid

Despite its developmental justification, aid is deeply political. This paper examines the political economy of aid allocation first from the perspective of the donor country, and then the political economy of aid receipt and implementation from the perspective of... View Details

  • 01 Oct 2024
  • Research & Ideas

How Politics Drives Business Decisions in a Polarized Nation

executive suites, start-up firms, and even entire professions and industries. Within finance, in particular, decisionmakers’ political views influence investment returns, credit ratings, asset allocations,... View Details
Keywords: by Jay Fitzgerald
  • October 2013
  • Article

The Costs of Favoritism: Is Politically-Driven Aid Less Effective?

By: Axel Dreher, Stephan Klasen, James Vreeland and Eric Werker
As is now well documented, aid is given for both political as well as economic reasons. The conventional wisdom is that politically motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects... View Details
Keywords: World Bank; Aid Effectiveness; Political Influence; United Nations Security Council; International Finance; Prejudice and Bias; Outcome or Result; Projects; Government and Politics; Power and Influence
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  • 25 Jan 2012
  • Research & Ideas

A Few Firms Have Outsized Influence in D.C.

It's a truism for many that in American politics money buys influence. In one recent poll, 75 percent of respondents said they believed "money buys results in Congress." But the question of whose money and what results is not so... View Details
Keywords: by Michael Blanding
  • 26 Mar 2007
  • Research & Ideas

Learning from Failed Political Leadership

often prevailed not because of our political leadership, but in spite of it. We posit that this occurs with corporations as well. Could this be true of your company? A successful leader must be able to persuade people to follow a certain... View Details
Keywords: by Martha Lagace
  • 01 Dec 2014
  • Research & Ideas

The Big Influence of Small Countries in the United Nations Secretariat

Economics Paul Novosad. “Just the conversations that are happening in the UN are important in determining international priorities” Among their findings: Powerful countries including the United States, China, and India have less administrative View Details
Keywords: by Michael Blanding
  • 27 Nov 2023
  • Research & Ideas

Voting Democrat or Republican? The Critical Childhood Influence That's Tough to Shake

environment on political participation by looking at turnout data. The more that young people voted in a particular county, the more likely the newcomers were also to cast a ballot. Environmental factors that shape party affiliation and... View Details
Keywords: by Ben Rand
  • 12 Dec 2012
  • Research & Ideas

Power to the People: The Unexpected Influence of Small Coalitions

widespread skepticism for the possibility of fair regulation. The power of big business is limited by the need to work with a range of powerful but diffuse societal groups. In his new book, Strength in Numbers: The Political Power of Weak... View Details
Keywords: by Kim Girard
  • July 2020
  • Article

Tell It Like It Is: When Politically Incorrect Language Promotes Authenticity

By: J. Schroeder, M. Rosenblum and F. Gino
When a person’s language appears political—such as being politically correct or incorrect—it can influence fundamental impressions of him or her. Political correctness is “using language or behavior to seem sensitive to others’ feelings, especially those others who... View Details
Keywords: Language; Interpersonal Communication; Perception
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  • 21 Aug 2008
  • Working Paper Summaries

Traveling Agents: Political Change and Bureaucratic Turnover in India

Keywords: by Lakshmi Iyer & Anandi Mani
  • 11 Mar 2009
  • HBS Case

The Energy Politics of Russia vs. Ukraine

state to ownership (with 50.002 percent), and Gazprom's strategy for becoming a global energy company, mainly through acquisition and partnerships. “Russia needs the money. It can't scare away its customers.” The learning objectives of the case focus on how View Details
Keywords: by Garry Emmons; Energy; Utilities