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

Juan Pineiro-Chousa, Marcos Vizcaíno-González and Jérôme Caby

Applied Economics Letters, 2016, vol. 23, issue 12, 840-843

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.

Date: 2016
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DOI: 10.1080/13504851.2015.1114568

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