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Analyzing The Determinants Of The Voting Behavior Using A Genetic Algorithm /

Author

Listed:
  • Vizcaíno-González, Marcos

    (Universidad de La Coruña (España))

  • Pineiro-Chousa, Juan

    (Universidad de Santiago de Compostela (España))

  • López-Cabarcos, M. Ángeles

    (Universidad de Santiago de Compostela (España))

Abstract

Using data about votes emitted by funds in meetings held by United States banks from 2003 to 2013, we apply a genetic algorithm to a set of financial variables in order to detect the determinants of the vote direction. Our findings indicate that there are three main explanatory factors: the market value of the firm, the shareholder activism measured as the total number of funds voting, and the temporal context, which reflects the influence of recent critical events affecting the banking industry, including bankruptcies, reputational failures, and mergers and acquisitions. As a result, considering that voting behavior has been empirically linked to reputational harms, these findings can be considered as a useful insight about the keys that should be taken into account in order to achieve an effective reputational risk management strategy. / 0

Suggested Citation

  • Vizcaíno-González, Marcos & Pineiro-Chousa, Juan & López-Cabarcos, M. Ángeles, 2016. "Analyzing The Determinants Of The Voting Behavior Using A Genetic Algorithm /," European Research on Management and Business Economics (ERMBE), Academia Europea de Dirección y Economía de la Empresa (AEDEM), vol. 22(3), pages 162-166.
    • Handle: RePEc:idi:jermbe:v:22:y:2016:i:3:p:162-166
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    More about this item

    Keywords

    Genetic algorithm; Voting behavior; Banking industry; United States; 0;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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