POLITICAL CONNECTIONS AND THE QUALITY OF GOVERNANCE: THE CASE OF CANADIAN FINANCIAL INSTITUTIONS
Bibliographic record
Abstract
ABSTRACT This study attempts to determine whether political connections influence the quality of governance in Canadian financial institutions. In other words, is the quality of governance in financial institutions that are politically connected different than in those that are not? The statistical analysis of Canadian financial institutions on the S&P/TSX index from 2010 to 2014 inclusively, based on the governance indices developed by Institutional Shareholder Services (ISS), indicates that the quality of governance in financial institutions with political connections is better than in those without such connections. This conclusion is valid for both the overall governance index and for specific indices pertaining to board structure, shareholder rights and compensation structure. Our study is the first to analyse the impact of political connections on the overall governance of Canadian financial institutions. Keywords political connections, Canadian, financial institutions, quality of governance.
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How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.003 | 0.016 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.005 | 0.008 |
| Science and technology studies | 0.007 | 0.005 |
| Scholarly communication | 0.005 | 0.001 |
| Open science | 0.001 | 0.003 |
| Research integrity | 0.001 | 0.001 |
| Insufficient payload (model declined to judge) | 0.003 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".