Plausibly Exogenous [1099] - Owning Stocks (02/03/2023)
LHS Variable
Political behavior
RHS Variable
Ownership of publicly listed shares
Source of Exogenous Variation
Increase in stock ownership when customer-owned mutual companies converted to publicly listed firms
- Kaustia, Knüpfer, and Torstila (2015), “Stock ownership and political behavior: evidence from demutualizations”