Suchergebnisse

In recent years, research on the incumbency effect using a regression discontinuity design has flourished. Although the regression discontinuity design has allowed scholars to examine the incumbency effect in various electoral settings, previous studies have not measured what has traditionally been defined as the incumbency (dis)advantage. In this paper, I bring together methods from previous research, provide a consistent exposition thereof, and highlight some of the challenges of estimation and interpretation by applying these methods to election data from 10 different electoral settings.

In this study, I examine whether the effect of biased media can be reduced when voters have an alternative source of political information. Specifically, I investigate whether the introduction of television mitigated the effect of partisan press on U.S. presidential elections from 1944 to 1964. I first show that newspaper coverage of presidential campaigns during this period was affected by newspapers' party affiliations and their readers' political preferences. The main finding of this study is that television decreased the correlation between the circulation of partisan newspapers and parties' vote share. The results suggest that the existence of centrist media can make voters less susceptible to partisan media.

AbstractIn this paper, we study how a combination of random ballot ordering and concurrent elections can increase invalid votes in the context of South Korea. In South Korea, elections for the nonpartisan superintendent of education are held concurrently with other partisan races. Whereas the ballot order for candidates in the nonpartisan superintendent of education elections is randomized and rotated, this order for other partisan races is determined according to the number of seats each party has in the national legislature. In this study, we found that a match between candidates' partisan preferences and their ballot positions decreases invalid votes. Our findings suggest that combining two different ballot-order schemes for concurrently held elections can confuse voters and increase invalid votes.

AbstractThis study examines the ways political events can affect the stock prices of politically connected firms by studying one of the biggest corruption scandals in modern South Korean history, which led to the first-ever impeachment of a sitting president. We analyzed the stock returns of firms that donated money to foundations allegedly controlled by the president's confidante. We found that the abnormal stock returns of politically connected firms decreased when the president was removed from office. Using tick-by-tick stock price data, we were able to pinpoint the exact moments when the stock prices of firms that donated money fluctuated, as the president's fate was determined by the justices of the Constitutional Court.