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1 – 10 of over 1000Mark Pearcy and Jeremiah Clabough
The purpose of this paper is to explore the subtle racist rhetoric used by members of the Republican Party over the last 60 years connected to issues of race. The authors start by…
Abstract
Purpose
The purpose of this paper is to explore the subtle racist rhetoric used by members of the Republican Party over the last 60 years connected to issues of race. The authors start by providing a brief history of the Republican Party and race issues. Then, the authors discuss the civic thinking skills stressed within the C3 Framework, specifically the ability to analyze politicians’ arguments. Then, the focus shifts to look at the racial literacy framework discussed by King et al. Finally, three activities are provided that enable students to grasp the subtle racist rhetoric used by some Republicans connected to issues of race.
Design/methodology/approach
In this paper, the authors explore race issues with members of the modern Republican Party. The authors design three classroom-ready activities by drawing on the best teaching practices advocated for in the C3 Framework. To elaborate, these activities allow students to research and analyze arguments made by some Republican politicians. This enables students to engage in the four dimensions of the Inquiry Arc in the C3 Framework.
Findings
The authors provide three activities that can be utilized in the high school social studies classroom to enable students to dissect American politicians’ messages connected to race issues. These activities can be adapted and utilized to enable students to examine a political candidate’s messages, especially those that contain subtle racist rhetoric. By completing the steps of these three activities, students are better prepared to be critical consumers of political messages and to hold elected officials accountable for their words, policies and actions.
Originality/value
In this paper, the authors explore the role of racist political rhetoric employed by members of the Republican Party over the last 60 years. The authors use the racial literacy framework advocated for by King et al. in three classroom-ready activities. The three activities are provided to help students break down the racist political rhetoric employed by notable members of the Republican Party.
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This paper aims to examine how a firm’s political party orientation (Republican or Democratic), which is measured as the composite index based on the political party leanings of…
Abstract
Purpose
This paper aims to examine how a firm’s political party orientation (Republican or Democratic), which is measured as the composite index based on the political party leanings of top managers, affects bank loan contracts. This study also investigates how the political culture of local states has a significant impact on loan contracts.
Design/methodology/approach
This research uses various databases including the Loan Pricing Corporation’s DealScan database, financial covenant violation indicators based on the Securities and Exchange Commission (SEC) filings, firm bankruptcy filings and political culture index data to examine the impact of political orientation on the cost of debt. This paper also includes the state level of gun ownership and bachelor’s degrees to investigate how local political culture affects the loan contract. To control endogenous concerns, this paper uses an instrumental variable analysis.
Findings
Firms that have Republican-oriented political identities pay lower yield spreads for the main costs of debt including all-in-spread-drawn and all-in-spread-undrawn. This pattern is consistent with other fees of bank loans. This paper finds that an increase in conservative political policies toward Republican orientations is negatively associated with the cost of debt. The main findings also show that the political culture in the state where the headquarters of the borrowing firm are located plays an important role in bank loan contracts.
Originality/value
The findings in this paper provide evidence that a firm’s political party orientation significantly affects the loan contract terms in both pricing and non-pricing terms. To the best of the author’s knowledge, this is the first study that shows the importance of political party identification on loan contracts by separating the sample into Republican, neutral and Democratic.
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Social networking sites (SNS) increasingly serve as a source of political content for Americans. The purpose of this paper is to clarify the relationships between types of…
Abstract
Purpose
Social networking sites (SNS) increasingly serve as a source of political content for Americans. The purpose of this paper is to clarify the relationships between types of political content exposure, especially congruent vs incongruent content, and its effects on political expression and participation. This study pays special attention to whether these relationships differ depending on whether an individual affiliates with the Republican or Democratic party.
Design/methodology/approach
This study uses a representative national sample to examine the relationships among exposure to congruent vs incongruent political content via SNS, political expression, and political participation. This study also tests whether these relationships are consistent for Democrats vs Republicans.
Findings
The results suggest the effects of political content exposure on political expression on SNS depend on how many friends post about politics, as well as whether that content is congruent or incongruent with one’s political beliefs. Moreover, the relationship between exposure to congruent vs incongruent content, political expression, and political participation differs for Republicans and Democrats.
Originality/value
This study highlights the need for researchers to take more care in distinguishing the type of and the audience for political content exposure via social media websites. Further, if the relationships between seeing political content via social media and acting upon such content – either through posting behaviors or participatory activities – differs by political group, it raises the potential for disparities in democratic engagement.
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Samantha L. Mosier and Arbindra P. Rimal
The purpose of this paper is to comprehensively evaluate the connection between dietary choice and partisanship affiliation among the US population. Food has the potential to be a…
Abstract
Purpose
The purpose of this paper is to comprehensively evaluate the connection between dietary choice and partisanship affiliation among the US population. Food has the potential to be a powerful factor connected to identity and political behaviour.
Design/methodology/approach
This study analyses survey data (including frequency distributions, cross-tabulations and Tobit regression models) from the Natural Marketing Institute’s 2016 LOHAS database with a total sample population of 4,134.
Findings
The results provide a platform for further exploring the interaction and effect of diet and partisan affiliation as it applies to political outcomes and market activities. This study confirms that individuals identify as either a Democrat or unaffiliated are more likely to report a vegan or vegetarian-based diet compared to Republicans. However, unaffiliated respondents are also just as likely as Republicans to report a red meat-intensive diet. Gender, race and education level are consistent explanatory factors across the entire population for influencing self-reported dietary behaviour, but location lifestyle factors, such as marital and employment status, influence partisan groups differently.
Research limitations/implications
The reliance of self-reported diet and partisan affiliation of respondents among US respondents.
Originality/value
Most research examining diet and political activities mostly stem from vegan and vegetarian identity research. This study provides a comprehensive evaluation on the relationship between diet and partisan affiliation in the broader public.
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Why is South Carolina resisting compliance with the National Voter Registration Act of 1993? In a case study with implications for other states challenging the implementation of…
Abstract
Why is South Carolina resisting compliance with the National Voter Registration Act of 1993? In a case study with implications for other states challenging the implementation of the motor voter law, the author frames his analysis on the basic of a conflict between nation-centered and state-centered views of American federalism. He argues that: (1) the lingering influence of a traditional political culture (for South Carolina), (2) states' rights tendencies associated with the devolution of more authority to the states in domestic policy, (3) Republican Party hegemony for strengthening the role of states in the federal system, and (4) the general objection of subnational officials to unfunded federal mandates converge to propel South Carolina and several other states (9 of 10 led by Republican governors) to seek judicial relief under the Tenth Amendment to the Constitution from what they see as the national government exploiting its authority at the expense of states.
Wang Dong, Weishi Jia, Shuo Li and Yu (Tony) Zhang
The authors examine the role of CEO political ideology in the credit rating process.
Abstract
Purpose
The authors examine the role of CEO political ideology in the credit rating process.
Design/methodology/approach
This study adopts a quantitative method with panel data regressions using a sample of 5,211 observations from S&P 500 firms from 2001 to 2012.
Findings
The authors find that firms run by Republican-leaning CEOs, who tend to have conservative political ideologies, enjoy more favorable credit ratings than firms run by Democratic-leaning CEOs. In addition, the association between CEO political ideology and credit ratings is more pronounced for firms with high operating uncertainty, low capital intensity, high growth potential, weak corporate governance and low financial reporting quality. Finally, the authors find that CEO political ideology affects a firm's cost of debt incremental to credit ratings, consistent with debt investors incorporating CEO political ideology in their pricing decisions.
Research limitations/implications
Leveraging CEO political ideology, the authors document that credit rating agencies incorporate managerial conservatism in their credit rating decisions. This finding suggests that CEO political ideology serves as a meaningful signal for managerial conservatism.
Practical implications
The study suggests that credit rating agencies incorporate CEO political ideology in their credit rating process. Other capital market participants such as auditors and retail investors can also use CEO political ideology as a proxy for managerial conservatism when evaluating firms.
Social implications
The paper carries practical implications for practitioners, firm executives and regulators. The results on the association between CEO political ideology and credit ratings suggest that other financial institutions could also incorporate CEO political ideology in their evaluation in their evaluation of firms. For example, when evaluating audit risk and determining audit pricing, auditors may add CEO political ideology as a risk factor. For firms, especially those that have Democratic-leaning CEOs, the authors suggest that they could reduce the unfavorable effect of CEO political ideology on credit ratings by improving their corporate governance and financial reporting quality, as demonstrated in the cross-sectional analyses. Finally, this study shows that CEO political ideology, as measured by CEOs' political contributions, is closely related to a firm's credit ratings. This finding may inform regulators that greater transparency for CEOs' political contributions is needed as information on contributions could help capital market participants perform risk analyses for firms.
Originality/value
Credit rating agencies release their research methodologies for determining corporate credit ratings and identify managerial conservatism as an important factor that affects their risk assessments. The extant literature, however, has not empirically investigated the relation between credit ratings and managerial conservatism, which, according to behavioral consistency theory, can be proxied by CEO political ideology. This study provides novel empirical evidence that identifies CEO political ideology as an important input factor in the credit rating process.
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Carlos Colón-De-Armas, Javier Rodriguez and Herminio Romero
The purpose of this paper is to examine the shifts in investor sentiment around the last seven US presidential elections (1988 through 2012).
Abstract
Purpose
The purpose of this paper is to examine the shifts in investor sentiment around the last seven US presidential elections (1988 through 2012).
Design/methodology/approach
Investor sentiment is measured by changes in closed-end funds discounts, and the results are corroborated with three robustness tests, including an alternate measure of investor sentiment obtained from the survey conducted by the American Association of Individual Investors.
Findings
Closedend funds discounts are significantly diminished from two weeks before a US presidential election to a week before the election, and persist until the week after the election, suggesting an increase in investors’ optimism during that period, particularly when a Democrat is elected president. More than the particular party prevailing, however, investors appear to be more interested in avoiding the entrenchment of power since the results suggest that they become optimistic when a change in the ruling party takes place, but become pessimistic when there is power continuity in the White House. The increase in investor optimism that is observed around the time of US presidential elections is not replicated during non-election years, which seems to corroborate that the elections are indeed driving the results.
Originality/value
This paper is the first to formally examine the relation between investor sentiment and US presidential elections using closed-end funds discounts as the measure for sentiment.
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Considers why protest and/or third parties have such short political lives. Proposes that it is the boundary problems faced by third parties which constrain their ability to adapt…
Abstract
Considers why protest and/or third parties have such short political lives. Proposes that it is the boundary problems faced by third parties which constrain their ability to adapt and change. Argues that although third parties tend to be the agents of change, by adopting strategies of boundary maintenance they end up limiting their own growth.
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Caroline Lego Munoz and Terri Towner
This paper aims to examine how exposure to a presidential candidate's high engagement Instagram images influences a citizen's candidate evaluations.
Abstract
Purpose
This paper aims to examine how exposure to a presidential candidate's high engagement Instagram images influences a citizen's candidate evaluations.
Design/methodology/approach
Data were collected via Amazon MTurk. A 3 × 2 experimental design was employed to test the persuasive effect of exposure of the “most liked” and “most commented on” images of the top four 2016 US presidential primary candidates on a US citizen's candidate evaluation.
Findings
Results reveal that highly engaging Instagram images of unfamiliar presidential candidates positively influenced candidate evaluations. However, the same was not true for more well-known presidential candidates.
Research limitations/implications
This study was not conducted during a live campaign and only examined four of the top 2016 presidential primary candidates.
Practical implications
The research includes implications for marketers seeking to increase engagement and reach in Instagram marketing campaigns. This study shows that even brief exposure to a highly engaged post involving an unfamiliar person/product on social media can significantly alter evaluations of that person or product.
Originality/value
To the authors' knowledge, no experimental designs have addressed how Instagram posts influence users' political attitudes and behaviors within the political marketing and communications literature.
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Aronté Marie Bennett, Chris Malone, Kenyn Cheatham and Naina Saligram
The cultivation and maintenance of a brand is becoming increasingly important as politicians seek to connect with constituents. Through the lens of social cognition and group…
Abstract
Purpose
The cultivation and maintenance of a brand is becoming increasingly important as politicians seek to connect with constituents. Through the lens of social cognition and group dynamics, this paper aims to understand the impact of evaluations of politician brands on voter intentions.
Design/methodology/approach
Three studies utilize the social cognition constructs of warmth and competence from the stereotype content model (SCM) and Brands as Intentional Agents Framework (BIAF) to evaluate the impact of brand perceptions on voting intentions, comparing fit between the models. The first study establishes the impact of these perceptions on existing politicians. The second study replicates these effects while controlling for party affiliation and extraneous factors and explicitly studies politicians as brands. The third study examines the formation of perceptions and assumptions when full information is unavailable.
Findings
Social cognition and group dynamics drive responses to politician brands. The data herein support perceptions of warmth and competence as significant predictors of voting intentions. Dependent upon whether the politician is being evaluated as a brand or a person, BIAF or SCM predicts the dimension that will be most impactful. These patterns persist in the absence of full information. As expected, voting intentions increased significantly when the voter was of the same (vs opposing) party as that of the candidate.
Research limitations/implications
Conducted during an election year, evaluations of politicians are susceptible to the current political climate and the predominantly two party political system in which the studies were conducted. The design of Studies 2 and 3 addresses some of these limitations. Results point toward the interrelated nature of warmth and competence perceptions and the usefulness of applying both BIAF and SCM to understand how voters view politicians and the drivers of voting intentions.
Practical implications
This study evidences the depth to which perceptions of candidates impact voting intent, establishing politicians’ unique position as both brands and people. These findings prove useful in interpreting the outcome of elections this year, and beyond.
Originality/value
Expanding a limited body of existing research, this work contributes to our understanding of the application of SCM within the context of politician brands. As the first concurrent investigation of SCM and BIAF, these findings are of value to political strategists and academics alike. The contribution is augmented by the consideration of the impact of party affiliation and missing information.
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