| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13710 |
| DP13710 The Politics of CEOs | |
| Alma Cohen; Moshe Hazan; David Weiss; Roberto Tallarita | |
| 发表日期 | 2019-05-01 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | CEOs of public companies have influence over the political spending of their firms, which has been attracting significant attention since the Supreme Court decision in Citizens United. Furthermore, the policy views expressed by CEOs receive substantial consideration from policymakers and the public. The political preferences of CEOs, we argue, are therefore important for a full understanding of U.S. policymaking and politics. To contribute to this understanding, we provide empirical evidence on the partisan leanings of public-company CEOs. We use Federal Election Commission (FEC) records to put together a comprehensive database of the political contributions made by over 3,500 individuals who served as CEOs of S&P 1500 companies during the period 2000-2017. We find that these political contributions display substantial partisan preferences in support of Republican candidates. We identify how this pattern is related to the company’s industry, geographical region, and CEO gender. To highlight the significance of CEO’s partisan preferences, we show that public companies led by Republican CEOs tend to be less transparent to investors with respect to their political spending. We conclude by discussing the policy implications of our analysis. |
| 主题 | Financial Economics ; Macroeconomics and Growth ; Public Economics |
| 关键词 | Political spending Political contributions Republicans Democrats Ceos Corporate political influence |
| URL | https://cepr.org/publications/dp13710 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542573 |
| 推荐引用方式 GB/T 7714 | Alma Cohen,Moshe Hazan,David Weiss,et al. DP13710 The Politics of CEOs. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
