scholarly journals The Synergistic Financial Effect of Corporate Political Activities: The Case of Listed Canadian Companies

2020 ◽  
Vol 14 (1) ◽  
pp. 102
Author(s):  
Saidatou Dicko
Keyword(s):  
Political Parties ◽  
Composite Index ◽  
Political Activity ◽  
Political Connections ◽  
Political Capital ◽  
Financial Indicators ◽  
Political Activities ◽  
Corporate Political Activities ◽  
Key Resources

Corporate political activities can bring genuine political capital to firms and are an effective way to access key resources to boost financial capital and maximize profits. These activities fall into three categories: coopting ex-politicians to decision-making bodies (board of directors and top management) to benefit from their social capital; lobbying to directly influence public policy; and making financial contributions to the activities of political parties and committees. This study asks the following question: what is the combined effect of two of these activities (political connections and lobbying) on the financial and accounting indicators of Canadian listed companies? We argue that engaging in corporate political activities allows firms to accumulate a type of political capital that we define as the sum of all political activities conducted by an individual company. To perform our research, we analyzed Canadian companies listed on the S&P/TSX composite index from 2012 through 2016. Results show that firms with this type of political capital are generally in a better financial position than those without it. A significant correlation was found between a firm’s political capital and its main sources of financing (equity and long-term debt) as well as with its ROE. Political capital has more positive impacts on key firm financial indicators than does each type of political activity on its own (synergistic effect).

The Education Gap in Political Participation

2017 ◽  
Author(s):  
Mark Bovens ◽  
Anchrit Wille
Keyword(s):  
Political Parties ◽  
Political Participation ◽  
Political Engagement ◽  
Political Activity ◽  
Social Survey ◽  
Political Activities ◽  
Educational Differences ◽  
Internet Activism ◽  
Education Gap ◽  
Almost All

With the help of social survey data, we investigate educational differences in political participation. We look at a range of political activities: spectator activities, voting, membership of political parties, and non-electoral activities, such as signing petitions and joining demonstrations, boycotts and buycotts. Also, we investigate new forms of political engagement, such as internet activism and participation in deliberative settings. Educational differences are manifest in almost all forms of political activity. But for some forms, especially the newer ones, the gap is larger than for others. The well-educated are not only over-represented in numbers; they also are more active, on average, than those with lesser educational qualifications. The more demanding the act of participation is, the more likely it is it will be disproportionately engaged in by higher educated citizens.

scholarly journals Asset freezing, corporate political resources and the Tullock paradox

2013 ◽  
Vol 15 (3) ◽  
pp. 275-293 ◽  
Author(s):  
Jean-Philippe Bonardi ◽  
Santiago Urbiztondo
Keyword(s):  
Campaign Contributions ◽  
Political Activity ◽  
Political Connections ◽  
Significant Cost ◽  
Policy Makers ◽  
Political Activities ◽  
Gordon Tullock ◽  
Political Resources ◽  
Local Politicians ◽  
Economic Assets

In 1967, Gordon Tullock asked why firms do not spend more on campaign contributions, despite the large rents that could be generated from political activities. We suggest in this paper that part of the puzzle could come from the fact that one important type of political activity has been neglected by the literature which focuses on campaign contributions or political connections. We call this neglected activity “asset freezing”: situations in which firms delay lay-offs or invest in specific technologies to support local politicians’ re-election objectives. In doing so, firms bear a potentially significant cost as they do not use a portion of their economic assets in the most efficient or productive way. The purpose of this paper is to provide a first theoretical exploration of this phenomenon. Building on the literature on corporate political resources, we argue that a firm's economic assets can be evaluated based on their degree of “political freezability,” which depends on the flexibility of their use and on their value for policy-makers. We then develop a simple model in which financial contributions and freezing assets are alternative options for a firm willing to lawfully influence public policy-making, and derive some of our initial hypotheses more formally.

scholarly journals Relasi Pertukaran Sosial antara Masyarakat dan Partai Politik

2020 ◽  
Vol 1 (1) ◽  
pp. 79-95
Author(s):  
Nofal Liata
Keyword(s):  
Political Parties ◽  
Social Exchange ◽  
Secondary Data ◽  
Political Activity ◽  
Primary Data ◽  
Political Struggle ◽  
Exchange Relationship ◽  
Political Awareness ◽  
Political Activities ◽  
Symbiotic Mutualism

The study aims to discuss the social exchange relationship "symbiotic mutualism" mutual benefit between society and political parties. The author sees, the community's perspective saw political activity it is still perceived as something dirty, tends to apathy, not as a means of political struggle to make a profit.  The purpose of this study is to uncover more conceptual facts of favorable relationships to two parties so that political activity is then a place of healthy and conducive struggle, which is not contrary to the rules of the law.  The method of collecting data in this study is to use the primary data of political sociology core literacy, then to use secondary data on the relevance of social reality to strengthen primary data. This study of the symbiotic mutualism relationship is very beneficial to build the political awareness of the community and the elite of political parties to support development, whether it is the development of material and non-material, so that political activities become beneficial for all circles, not even in the left.

The Acceptance of Party Unity in Parliamentary Democracies

2017 ◽  
Author(s):  
David M. Willumsen
Keyword(s):  
Political Parties ◽  
Costs And Benefits ◽  
Parliamentary Democracies ◽  
Survey Questions ◽  
Ideal Policy ◽  
Central Argument ◽  
The Individual ◽  
Policy Incentives

The central argument of this book is that voting unity in European legislatures is not primarily the result of the ‘disciplining’ power of the leadership of parliamentary parties, but rather the result of a combination of ideological homogeneity through self-selection into political parties and the calculations of individual legislators about their own long-term benefits. Despite the central role of policy preferences in the subsequent behaviour of legislators, preferences at the level of the individual legislator have been almost entirely neglected in the study of parliaments and legislative behaviour. The book measures these using an until now under-utilized resource: parliamentary surveys. Building on these, the book develops measures of policy incentives of legislators to dissent from their parliamentary parties, and show that preference similarity amongst legislators explains a very substantial proportion of party unity, yet alone cannot explain all of it. Analysing the attitudes of legislators to the demands of party unity, and what drives these attitudes, the book argues that what explains the observed unity (beyond what preference similarity would explain) is the conscious acceptance by MPs that the long-term benefits of belonging to a united party (such as increased influence on legislation, lower transaction costs, and better chances of gaining office) outweigh the short-terms benefits of always voting for their ideal policy outcome. The book buttresses this argument through the analysis of both open-ended survey questions as well as survey questions on the costs and benefits of belonging to a political party in a legislature.

scholarly journals Public opinion of alcohol industry corporate political activities

2021 ◽  
Author(s):  
Peter Miller ◽  
Florentine Martino ◽  
Narelle Robertson ◽  
Julia Stafford ◽  
Mike Daube
Keyword(s):  
Public Opinion ◽  
Political Activities ◽  
Alcohol Industry ◽  
Corporate Political Activities

Determinants of Anthropometric Failure Among Tribal Children Younger than 5 Years of Age in Palghar, Maharashtra, India

2021 ◽  
Vol 42 (1) ◽  
pp. 55-64
Author(s):  
Angeline Jeyakumar ◽  
Swapnil Godbharle ◽  
Bibek Raj Giri
Keyword(s):  
Odds Ratio ◽  
Composite Index ◽  
Z Score ◽  
Short Term ◽  
Cross Sectional Survey ◽  
Crude Odds Ratio ◽  
Cross Sectional ◽  
Independent Variables ◽  
Child Undernutrition

Background: Measuring undernutrition using composite index of anthropometric failure (CIAF) and identifying its determinants in tribal regions is essential to recognize the true burden of undernutrition in these settings. Objective: To determine anthropometric failure and its determinants among tribal children younger than 5 years in Palghar, Maharashtra, India. Methods: A cross-sectional survey employing CIAF was performed in children <5 years to estimate undernutrition in the tribal district of Palghar in Maharashtra, India. Anthropometric measurements, maternal and child characteristics were recorded from 577 mother–child pairs in 9 villages. Results: As per Z score, prevalence of stunting, wasting, and underweight were 48%, 13%, and 43%, respectively. According to CIAF, 66% of children had at least one manifestation of undernutrition and 40% had more than one manifestation of undernutrition. Odds of anthropometric failure were 1.5 times higher among children of mothers who were illiterate (adjusted odds ratio [AOR] =1.57, 95% CI: 1.0-2.3), children who had birth weight >2.5 kg had lesser odds (AOR: 0.63, 95% CI: 0.4-0.9) of anthropometric failure, and children who had initiated early breastfeeding had 1.5 times higher odds of anthropometric failure (crude odds ratio: 1.5, 95% CI: 1.0-2.1). However, when adjusted for other independent variables, the results were not significant. Conclusion: The alarming proportion of anthropometric failure among tribal children calls for urgent short-term interventions to correct undernutrition and long-term interventions to improve maternal literacy and awareness to prevent and manage child undernutrition.

Reichstag Connections in Pre- and Interwar Germany

2018 ◽  
Vol 59 (1) ◽  
pp. 157-185
Author(s):  
Alexander Opitz
Keyword(s):  
Political Parties ◽  
Political Connections ◽  
Political Regimes ◽  
Constitutional Monarchy

Abstract This article documents widespread connections between stock companies and active or retired politicians in Germany during two distinct political regimes: constitutional monarchy and democracy. These differed largely regarding possible channels of influence, along with the power of the parliament. Despite the theoretical differences, the overall share of connected firms is approximately the same, implying that linking up with the Reichstag was already attractive in Imperial times. Moreover, the prevalence of political connections varied largely between sectors and political parties.

Percutaneous coronary intervention with everolimus-eluting stents versus coronary artery bypass surgery in patients with stable angina and an isolated proximal left anterior descending artery disease

2020 ◽  
Vol 41 (Supplement_2) ◽  
Author(s):  
I Matsoukis ◽  
A Karanasos ◽  
C Patsa ◽  
N Anousakis-Vlachochristou ◽  
K Triantafyllou ◽  
...  
Keyword(s):  
Coronary Artery ◽  
Stable Angina ◽  
Cardiac Death ◽  
Artery Bypass ◽  
Composite Index ◽  
Coronary Intervention ◽  
Target Lesion ◽  
Percutaneous Coronary ◽  
Secondary Endpoints

Abstract Background/Introduction Revascularization of the proximal segment of left anterior descending artery (pLAD) demonstrates an additional prognostic significance in survival for patients with multivessel disease. It is also indicated for symptomatic relief in patients with stable angina who are receiving optimal medical treatment in the presence of limiting angina or angina equivalent. Both coronary artery bypass grafting (CABG) and percutaneous coronary intervention (PCI) are still commonly needed as therapeutic options for pLAD disease. Moreover, Everolimus-eluting stents (EES) have demonstrated superiority in safety and efficacy among other types of second or new generation drug-eluting stents. Purpose We aim to evaluate the long-term outcomes of PCI with EES compared to CABG surgery with left internal mammary artery, in patients with stable angina and an isolated single vessel pLAD disease. Methods The sample consisted of 824 patients with isolated pLAD and chronic stable angina; 445 participants were included in the EES-PCI group, and 379 were included in the CABG group. The study's primary endpoint was the occurrence of major adverse cardiac events (MACEs), namely, cardiac death, myocardial infarction (MI) not attributed to a non-target vessel and target lesion revascularization as a composite index. Secondary endpoints were Patient-Related Outcome (PRO; a composite index of all-cause mortality, any MI related to any coronary artery, any revascularization conducted to any coronary artery), individual components of MACEs, recurrence of stable or unstable angina or a nonfatal arrhythmia and disease progression of other lesions. For the comparisons between the two groups, chi-square tests and Fisher's exact tests, were used, as appropriate. Results During the 4.6 years of follow-up period, no statistically significant difference was observed between the two study groups in respect to the primary endpoint MACE (8.1% versus 7.4%, p=0.71). Concerning secondary endpoints, repeat revascularization (3.6% versus 2.9%, p=0.58), cardiac death (2.9% versus 3.2%, p=0.84), MI (1.6% versus 1.3%, p=0.76) and PRO (16.9% versus 17.7%, p=0.76) did not significantly differ between the two groups. Recurrence of angina was more frequent in the EES-PCI group (14.9% versus 8.4%, p=0.005) even though higher Class of angina was found less common in EES patients than in CABG patients (p&lt;0.001). Patients treated with EES-PCI had lower rates of onset of arrhythmias compared to those treated with CABG (6.3% versus 11.9%, p=0.005). Finally, revascularization in other than target lesion was more frequent in the stent than in the surgery arm (6.3% versus 3.2%, p=0.04); as a consequence, higher rates of revascularization in any vessel was recorded in the PCI group than the CABG one (9.9% versus 5.8%, p=0.03). Conclusion PCI with EES seem to have similar long-term clinical outcomes compared with CABG in patients with isolated pLAD disease. Funding Acknowledgement Type of funding source: None

A matter of conflict: How events and parties shape the news coverage of EU affairs

2016 ◽  
Vol 17 (4) ◽  
pp. 593-615 ◽  
Author(s):  
Isabelle Guinaudeau ◽  
Anna M Palau
Keyword(s):  
Political Parties ◽  
Agenda Setting ◽  
News Coverage ◽  
Time Series Models ◽  
Monthly Data ◽  
Media Agenda ◽  
The Media ◽  
Term Analysis ◽  
The Eu

This article argues that external factors of EU coverage in the media need to be reassessed against domestic factors, in particular how parties modulate media attention to EU affairs. We explain which parties may set the EU on the media agenda, and how parties interact with events depending on the level of conflict over EU issues. Drawing on the first long-term analysis of partisan agenda-setting of EU affairs in the media – based on ARIMA time-series models of monthly data collected for six newspapers from 1990 to 2015 – we determine the scale of partisan agenda-setting and find partial support for our model. Political parties do not face the intrusion of EU issues, but some of them are actively involved in this process.

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