This study considers the implications of corporate political activity and political risk on asset pricing. It is found that firms which operate an affiliated political action committee (PAC) outperform firms that do not. Among firms that operate a PAC, we find that those that spend relatively less on politics outperform those that spend more and that political risk is successfully hedged by fir...

Political correctness (PC) norms are highly controversial and have been subject to political and philosophical debate for decades. Yet, surprisingly little empirical research has been conducted to understand if they have any impact at all and, in particular, if and how they affect the perception of and interaction between social groups. In this chapter, we will argue that PC language has tangib...

n fall 1997, the democratic movement in Russia will celebrate its tenth anniversary. In November 1987, a group of young intelligentsia from Moscow (creators of the then unknown historical-educational organization Memorial) marched to Arbat to collect signatures. Those signatures were not calling for the dissolution of the Soviet system, but for the creation of a memorial to the victims of Stali...

Unlike his theory of justice as fairness, John Rawls’s political liberalism has generally been spared from critiques regarding what is due to the disabled. This paper demonstrates that, due to the account of the basic ideas of society and persons provided by Rawls, political liberalism requires that the interests of numerous individuals with disabilities should be put aside when the most fundam...

0

political legitimacy is one of the basic and major concepts of political science especially      political thought. different views of the meaning and the concept of political legitimacy go back to the roots of political legitimacy. in this article by using a comparative style, the author will attempt to      compare the concept of political legitimacy in imam khomeini and jurgen habermas'...

studying political terms is an approach to understading the quranic political culture. from professor kurani's point of view, a quranic political term is a word or phrase whose political aspect prevails. after explaining the research methodology in studies related to quranic political terms and culture, the writer analyses some political terms with respect to the related quranic verses.

Political culture represents a society`s widely held, traditional values and its fundamental practices; foreign policy decision makers tend to make policies that are compatible with their society`s political culture because they share, if not all, many of those values. Among the various factors influencing Iran`s foreign policy,  the role of political culture seems to be rather underestimated. ...