Academic SeminarPolitical capital: An analysis of Congress voting on the financial regulations
- 일시
- 2018-08-16 ~ 2018-08-16
금융 분야 세미나를 아래와 같이 개최하오니, 관심 있는 분들의 많은 참석 부탁 드립니다.
1. 일시: 2018년 8월 16일 (목), 16:00~17:30
2. 장소: 수펙스경영관 402 강의실
3. 강사: 김용철 교수 (University of Wisconsin-Milwaukee)
4. 주제: Political capital: An analysis of Congress voting on the financial regulations
5. 연구분야: 금융
* Lecture will be delivered in English.
Abstract:
Both politicians and companies gain from political connections. We find that the representative of the House who vote for deregulations are more likely to end up in business jobs after leaving the Congress. The analysis of voting behavior in a major financial regulation - Gramm-Leach-Bliley Act of 1999 – show the members of Congress use voting to enhance their career. The results are consistent with public rent-seeking of politicians, and show that political capital is as valuable for politicians as for companies