This study considers the implications of corporate political activity and political risk on asset pricing. It is found that firms which operate an affiliated political action committee (PAC) outperform firms that do not. Among firms that operate a PAC, we find that those that spend relatively less on politics outperform those that spend more and that political risk is successfully hedged by fir...

Political correctness (PC) norms are highly controversial and have been subject to political and philosophical debate for decades. Yet, surprisingly little empirical research has been conducted to understand if they have any impact at all and, in particular, if and how they affect the perception of and interaction between social groups. In this chapter, we will argue that PC language has tangib...

n fall 1997, the democratic movement in Russia will celebrate its tenth anniversary. In November 1987, a group of young intelligentsia from Moscow (creators of the then unknown historical-educational organization Memorial) marched to Arbat to collect signatures. Those signatures were not calling for the dissolution of the Soviet system, but for the creation of a memorial to the victims of Stali...

Unlike his theory of justice as fairness, John Rawls’s political liberalism has generally been spared from critiques regarding what is due to the disabled. This paper demonstrates that, due to the account of the basic ideas of society and persons provided by Rawls, political liberalism requires that the interests of numerous individuals with disabilities should be put aside when the most fundam...

In a recent study, the authors reveal with structural equation models that the positive effect of information technology on generalized trust is mediated by political institutions. Although insightful, a key question remains: Is it the effectiveness and efficiency, the universality, and/or the power-sharing capacity of the state that mediates this effect? Drawing on new institutional economics,...

This paper presents a positive economic model with which to describe interest groups’ proposals in deliberative and accommodative agency rulemaking, particularly the type of rulemaking that requires the groups to discuss with each other and to propose their preferred policy implementation details before the agency finalizes the rulemaking on the basis of the proposals. Each interest group balan...

In this article we pursue two objectives. First, we refine the concept of responsible leadership from an upper echelon perspective by exploring two distinct styles (instrumental and integrative) and thereby further develop the understanding of the newly emerging integrative style. Second, we propose a framework that examines the micro-foundations of political corporate social responsibility (CS...

This study investigated the cognitive processing of true and false political information. Specifically, it examined the impact of source credibility on the assessment of veracity when information comes from a polarizing source (Experiment 1), and effectiveness of explanations when they come from one's own political party or an opposition party (Experiment 2). These experiments were conducted pr...

Schools, are political arenas where social skills are becoming important. In that way politically and emotionally skilled educational leaders combine social effectiveness skills with the capacity to adjust their behavior to different and changing situational demands in a manner that appears to be sincere, inspires support and trust, and effectively influences and controls the responses of other...

Drawing on data from 1973-2014 (93rd-113th Congresses), we develop a new method for measuring the legislative effectiveness of members of the United States Senate that builds upon Volden and Wiseman’s analysis of legislative effectiveness in the U.S. House. We compare the construction and analysis of our Senate Legislative Effectiveness Scores (LES) to those of the U. S. House over the same 40-...