The Wall Street Journal

A Politically Bipartisan C-Suite May Benefit a Company’s Stock Price

This connection between investment performance and political diversity was discovered in a study by three finance professors: of Boston College, of Harvard Business School and of Washington University in St. Louis. The professors defined partisanship in a corporation “as the degree to which a single party dominates political views within the same executive team.” To determine the stock market’s attitude toward political diversity, or a lack thereof, the professors determined the party affiliations, as identified in voter-registration data, of the five most highly compensated executives in each firm.

Read More