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

Juan Pineiro-Chousa, Marcos Vizcaíno-González and Jérôme Caby ()
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Juan Pineiro-Chousa: USC - Universidade de Santiago de Compostela [Spain]
Jérôme Caby: Ecole Supérieure du Commerce Extérieur - ESCE - International business school

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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.

Keywords: singular value decomposition; eigenvalue decomposition; Voting behaviour; spectral decomposition; spectral decomposition JEL codes: G01; G21; G32; G34 2 (search for similar items in EconPapers)
Date: 2015-11-20
Note: View the original document on HAL open archive server: https://hal.science/hal-02001676
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Citations: View citations in EconPapers (1)

Published in Applied Economics Letters, 2015, 23 (12), pp.840-843. ⟨10.1080/13504851.2015.1114568⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02001676

DOI: 10.1080/13504851.2015.1114568

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