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

Tahoun, A and Van Lent, L (2019) The personal wealth interests of politicians and government intervention in the economy. Review of Finance, 23 (1). pp. 37-74. ISSN 1572-3097

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 (ESSA). We find that the personal wealth interests of politicians are positively associated with voting in favour of the EESA.

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Item Type: Article
Subject Areas: Accounting
Additional Information: © 2018. Published by Oxford University Press on behalf of the European Finance Association. This is a pre-copyedited, author-produced version of an article accepted for publication in Review of Finance following peer review. The version of record: Tahoun A, van Lent, L, (2018), The Personal Wealth Interests of Politicians and Government Intervention in the Economy, Review of Finance, rfy015 is available online at: https://academic.oup.com/rof/advance-article/doi/10.1093/rof/rfy015/4994241 and at: https://doi.org/10.1093/rof/rfy015
Subjects: I > Investment appraisal
P > Personal finance
G > Government economic controls and regulations
Date Deposited: 14 May 2018 10:08
Last Modified: 14 Jul 2019 15:41
URI: http://lbsresearch.london.edu/id/eprint/979
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