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This paper addresses the noteworthy relevance of U.S. Politics in explaining the impact of corporate misconducts on stock returns. Using a database of regulatory violations in the U.S., the Event Study framework was employed to quantify, for each mis behavior, the resultant effect on the felonious firm's stock. Those effects were then regressed on focal dummy variables, mirroring the acting political landscape. Ultimately, it is proven mis conducts happening under one party control of both Executive and Legislative branches tended to result in higher stock returns than if there is division of any sort. This research is among the first attempts to directly relate regulatory violations and Politics.

This article analyzes the institutional capacities in the fiscal way of three sub-national governments in Uruguay (Canelones, Maldonado and Rocha) from 2005 to this part, trying to know their strengths and weaknesses. For this purpose, we discuss four factors that determine the institutional capacity within the framework of fiscal decentralization in Uruguay: internal structure and innovation management, human resources, intergovernmental relations and intensity democracy. As a result, it can be seen as strengthening certain factors have an impact on a better performance in the fiscal policy of the cases analyzed, although not all cases are equal. Also revealed the importance of the interaction between various factors on the progress of institutional capacities. ; Este artículo analiza las capacidades institucionales en materia fiscal de tres gobiernos sub nacionales en Uruguay (Canelones, Rocha y Maldonado) desde el 2005 a la fecha, tratando de relevar sus fortalezas y debilidades a la hora de gestionar sus políticas fiscales. Para este cometido, se discute sobre cuatro factores que condicionan la capacidad institucional en el marco de la descentralización fiscal en Uruguay: estructura interna e innovación de la gestión, recursos humanos, relaciones intergubernamentales e intensidad democrática. Como resultado, se puede observar como el fortalecimiento de ciertos factores ha incidido en un mejor comportamiento en la política fiscal de los casos analizados, aunque no todos los casos obtienen el mismo resultado. También se revela la importancia de la interacción de los diversos factores sobre los avances en las capacidades institucionales.

"B-256719"--P. [1]. ; "GAO/RCED-94-158." ; "September 1994." ; Cover title. ; Includes bibliographical references. ; Mode of access: Internet.

Comments on the debate over methodological or scientific rigor vs the pursuit of substantive political knowledge argues that the latter should be the discipline's priority. The argument is supported by five key points: (1) Scientific inquiry should serve human interests -- ie, knowledge for its own "sake" ought not be a goal. (2) Scientific study of political matters has particularly human implications & consequences. (3) Political science focuses on objects that most people would deem "important" or "significant." (4) The nature of political science inquiry precludes reliance on strictly empirical, quantifiable, or causal formulation. (5) Intellectual honesty, not methodological doctrine, is the essential basis of all scientific inquiry. 1 Reference. K. Coddon