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Analysing voting behaviour in the United States banking sector through eigenvalue decomposition

Author

Listed:
  • Juan Pineiro-Chousa

    (USC - Universidade de Santiago de Compostela [Spain])

  • Marcos Vizcaíno-González

    (Universidade da Coruña)

  • Jérôme Caby

    (Ecole Supérieure du Commerce Extérieur - ESCE - International business school)

Abstract

Using data about votes emitted by funds in corporate meetings held by US banks from 2003 to 2013, we propose a novel approach based on eigenvalue decomposition to address the issue of communality in voting decisions. Our results indicate that there is a main underlying feature that contributes to explain this voting behaviour. Also, a dimensionality reduction could be accomplished so that a subset of the original data can replicate the sample. These findings confirm that there may be a sort of homogeneous or systematic component when it comes to explain the voting pattern into the banking industry.

Suggested Citation

  • Juan Pineiro-Chousa & Marcos Vizcaíno-González & Jérôme Caby, 2015. "Analysing voting behaviour in the United States banking sector through eigenvalue decomposition," Post-Print hal-02001676, HAL.
    • Handle: RePEc:hal:journl:hal-02001676
    DOI: 10.1080/13504851.2015.1114568
    Note: View the original document on HAL open archive server: https://hal.science/hal-02001676
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    References listed on IDEAS

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    Cited by:

    1. Juan Pineiro-Chousa & Marcos Vizcaíno-González & Jérôme Caby, 2018. "Linking market capitalisation and voting pattern in corporate meetings," Post-Print halshs-02001463, HAL.
    2. López-Cabarcos, M. Ángeles & Vizcaíno-González, Marcos & López-Pérez, M. Luisa, 2023. "Gender diversity on boards: Determinants that underlie the proposals for female directors," Technological Forecasting and Social Change, Elsevier, vol. 190(C).

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    More about this item

    Keywords

    singular value decomposition; eigenvalue decomposition; Voting behaviour; spectral decomposition; spectral decomposition JEL codes: G01; G21; G32; G34 2;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G - Financial Economics

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