IDEAS home Printed from https://ideas.repec.org/p/nbr/nberwo/31857.html
   My bibliography  Save this paper

Forecasting the Impact of Racial Uprisings, Market versus Stakeholders' Expectations

Author

Listed:
  • Bocar A. Ba
  • Roman Rivera
  • Alexander Whitefield

Abstract

Given police abolitionism’s new visibility after the 2020 racial justice protests, we assess stakeholder beliefs on the protests’ stock impacts on police-affiliated firms. Experts generally underestimate the firms’ stock gains, except situated experts like community organizers and police experts, who link the market responses to reforms, not budget cuts. An experiment with nonexperts and finance professionals shows negatively skewed stock predictions among respondents lacking information on policing products and no effect of exposure to narratives about the protests on forecast alignment. National data show enduring support for police reform despite abolitionist advocacy and little understanding of the Defund movement’s objectives.

Suggested Citation

  • Bocar A. Ba & Roman Rivera & Alexander Whitefield, 2023. "Forecasting the Impact of Racial Uprisings, Market versus Stakeholders' Expectations," NBER Working Papers 31857, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:31857
    Note: CF LE PE POL
    as

    Download full text from publisher

    File URL: http://www.nber.org/papers/w31857.pdf
    Download Restriction: Access to the full text is generally limited to series subscribers, however if the top level domain of the client browser is in a developing country or transition economy free access is provided. More information about subscriptions and free access is available at http://www.nber.org/wwphelp.html. Free access is also available to older working papers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:31857. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/nberrus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.