Matches in SemOpenAlex for { <https://semopenalex.org/work/W2155360036> ?p ?o ?g. }
Showing items 1 to 80 of
80
with 100 items per page.
- W2155360036 endingPage "395" @default.
- W2155360036 startingPage "367" @default.
- W2155360036 abstract "Cross-sectional time-series data from fourteen stock markets, from 1973 to 1996, are used to study how political institutions compare in affecting party governments' incentives to enrich one group of industries at the expense of another. Using measures of cross-sectoral variance of price changes within stock markets as a proxy for change in redistributive policy, I show that political change is important in both proportional representation (PR) and majoritarian systems. As parties shift in and out of government, trade and industrial policy is redistributed to favour the parties' industrial supporters. Such changes in policy increase the cross-sectoral dispersion in price changes, with newly advantaged industries seeing their stock increase, while the price of those losing favourable policy declines. The temporal impact of redistribution differs across electoral systems, with the impact of political change being more immediate in majoritarian systems and the effect being more diffuse in PR systems. Majoritarian systems are also more responsive to economic shocks, while changes in economic conditions have few discernable effects on the dispersion of stock prices in PR countries. PR systems, however, experience overall higher levels of dispersion. I contrast these results with the dominant extant arguments of radical policy shifts in majoritarian systems and policy stability in PR systems." @default.
- W2155360036 created "2016-06-24" @default.
- W2155360036 creator A5080716841 @default.
- W2155360036 date "2003-07-01" @default.
- W2155360036 modified "2023-09-29" @default.
- W2155360036 title "Redistributive Politics and Stock Price Dispersion" @default.
- W2155360036 cites W108472174 @default.
- W2155360036 cites W2322699075 @default.
- W2155360036 doi "https://doi.org/10.1017/s0007123403000176" @default.
- W2155360036 hasPublicationYear "2003" @default.
- W2155360036 type Work @default.
- W2155360036 sameAs 2155360036 @default.
- W2155360036 citedByCount "38" @default.
- W2155360036 countsByYear W21553600362012 @default.
- W2155360036 countsByYear W21553600362013 @default.
- W2155360036 countsByYear W21553600362014 @default.
- W2155360036 countsByYear W21553600362015 @default.
- W2155360036 countsByYear W21553600362016 @default.
- W2155360036 countsByYear W21553600362018 @default.
- W2155360036 countsByYear W21553600362021 @default.
- W2155360036 countsByYear W21553600362023 @default.
- W2155360036 crossrefType "journal-article" @default.
- W2155360036 hasAuthorship W2155360036A5080716841 @default.
- W2155360036 hasConcept C127413603 @default.
- W2155360036 hasConcept C143724316 @default.
- W2155360036 hasConcept C151730666 @default.
- W2155360036 hasConcept C162324750 @default.
- W2155360036 hasConcept C17744445 @default.
- W2155360036 hasConcept C178300618 @default.
- W2155360036 hasConcept C18547055 @default.
- W2155360036 hasConcept C199539241 @default.
- W2155360036 hasConcept C204036174 @default.
- W2155360036 hasConcept C29122968 @default.
- W2155360036 hasConcept C2988984586 @default.
- W2155360036 hasConcept C34447519 @default.
- W2155360036 hasConcept C556758197 @default.
- W2155360036 hasConcept C74080474 @default.
- W2155360036 hasConcept C78458016 @default.
- W2155360036 hasConcept C78519656 @default.
- W2155360036 hasConcept C86803240 @default.
- W2155360036 hasConcept C94625758 @default.
- W2155360036 hasConceptScore W2155360036C127413603 @default.
- W2155360036 hasConceptScore W2155360036C143724316 @default.
- W2155360036 hasConceptScore W2155360036C151730666 @default.
- W2155360036 hasConceptScore W2155360036C162324750 @default.
- W2155360036 hasConceptScore W2155360036C17744445 @default.
- W2155360036 hasConceptScore W2155360036C178300618 @default.
- W2155360036 hasConceptScore W2155360036C18547055 @default.
- W2155360036 hasConceptScore W2155360036C199539241 @default.
- W2155360036 hasConceptScore W2155360036C204036174 @default.
- W2155360036 hasConceptScore W2155360036C29122968 @default.
- W2155360036 hasConceptScore W2155360036C2988984586 @default.
- W2155360036 hasConceptScore W2155360036C34447519 @default.
- W2155360036 hasConceptScore W2155360036C556758197 @default.
- W2155360036 hasConceptScore W2155360036C74080474 @default.
- W2155360036 hasConceptScore W2155360036C78458016 @default.
- W2155360036 hasConceptScore W2155360036C78519656 @default.
- W2155360036 hasConceptScore W2155360036C86803240 @default.
- W2155360036 hasConceptScore W2155360036C94625758 @default.
- W2155360036 hasIssue "3" @default.
- W2155360036 hasLocation W21553600361 @default.
- W2155360036 hasOpenAccess W2155360036 @default.
- W2155360036 hasPrimaryLocation W21553600361 @default.
- W2155360036 hasRelatedWork W1988513709 @default.
- W2155360036 hasRelatedWork W2009839884 @default.
- W2155360036 hasRelatedWork W2013300584 @default.
- W2155360036 hasRelatedWork W2083029412 @default.
- W2155360036 hasRelatedWork W2380056389 @default.
- W2155360036 hasRelatedWork W2899634806 @default.
- W2155360036 hasRelatedWork W3122614532 @default.
- W2155360036 hasRelatedWork W4318943169 @default.
- W2155360036 hasRelatedWork W4379210441 @default.
- W2155360036 hasRelatedWork W4384571356 @default.
- W2155360036 hasVolume "33" @default.
- W2155360036 isParatext "false" @default.
- W2155360036 isRetracted "false" @default.
- W2155360036 magId "2155360036" @default.
- W2155360036 workType "article" @default.