Review of Finance Vol. 23 No. 1 2019

The Personal Wealth Interests of Politicians and Government Intervention in the Economy

Ahmed Tahoun¹; Laurence van Lent²

¹ London Business School · ² Frankfurt School of Finance and Management

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.

DOI

10.1093/rof/rfy015

Volume

23

Issue

1

Pages

37-74

Language

en

Sources

bibtex:phds-export.bib openalex crossref

Cite

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