Analysing voting behaviour in the United States banking sector through eigenvalue decomposition. Issue 12 (12th August 2016)

• Record Type: Journal Article
• Authors: Pineiro-Chousa, Juan; Vizcaíno-González, Marcos; Caby, Jérôme
• Is Part Of: Applied economics letters. Volume 23:Issue 12(2016)
• Page Start: 840
• Page End: 843
• Publication Date: 2016-08-12
• Subjects: Voting behaviour -- eigenvalue decomposition -- singular value decomposition -- spectral decomposition; G21 -- G32 -- G34; Economics -- Periodicals; Economics, Mathematical -- Periodicals; 330
• DOI: 10.1080/13504851.2015.1114568
• Languages: English
• ISSNs: 1350-4851

Abstract

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.