Electoral systems and the economy: a firm-level analysis View Full Text


Ontology type: schema:ScholarlyArticle     


Article Info

DATE

2019-03

AUTHORS

Isa Camyar, Bahar Ulupinar

ABSTRACT

Prior research presents mixed results for electoral impact on economic performance, thereby raising the question of whether electoral systems matter economically at all. We argue that electoral systems can conceivably generate a robust economic impact at the firm level. This argument is grounded in a recent scholarship on the political economy of corporate governance. Analysts discern electoral systems as a significant determinant of a country’s corporate governance regime and its two central components: investor and employment protection. Building on a wealth of research relating investor and employment protection to firms’ economic behavior, we develop the hypothesis that firm performance is stronger under plurality-majoritarian rules than under proportional rules. Our panel study of firms in 21 advanced democracies from 1989 to 2007 supports our hypothesis. Overall, this research helps to fill in an important gap in understanding of why it matters to choose one electoral system over another. More... »

PAGES

1-30

References to SciGraph publications

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/s10602-019-09274-6

DOI

http://dx.doi.org/10.1007/s10602-019-09274-6

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1111594680


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