Dr Sarah Kröchert, Lancaster University Management School, Lancaster University
This study examines whether individuals’ equity investment decisions affect their non-financial decisions. We overcome data challenges that presumably hindered prior literature from addressing this question by utilising a setting in which we observe politicians’ investments and their non-financial decisions. Using three different sets of tests, we provide evidence consistent with politicians learning from their equity investments and changing their voting behaviour on votes that have no direct effect on their wealth. Our results suggest that individuals’ investment decisions affect their non-financial decisions because individuals can learn from their investments.
Speaker bio
Sarah is an Assistant Professor in Accounting at Lancaster University. She joined Lancaster University in 2018 after completing her PhD at Humboldt University in Berlin and visiting Columbia University in New York. In her research, Sarah works on topics related to financial disclosures and governance structures, such as individual investors’ use of firm disclosures and governance mechanisms in higher education institutions. At Lancaster University, Sarah teaches financial accounting in the undergraduate programme and data and programming skills in the PhD programme.
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Meeting ID: 848 8869 9992
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Event timings
Date:
22 March 2022
Start Time:
15:45
End Time:
17:00