| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25329 |
| 来源ID | Working Paper 25329 |
| Hall of Mirrors: Corporate Philanthropy and Strategic Advocacy | |
| Marianne Bertrand; Matilde Bombardini; Raymond Fisman; Bradley Hackinen; Francesco Trebbi | |
| 发表日期 | 2018-12-10 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Politicians and regulators rely on feedback from the public when setting policies. For-profit corporations and non-pro t entities are active in this process and are arguably expected to provide independent viewpoints. Policymakers (and the public at large), however, may be unaware of the financial ties between some firms and non-profits - ties that are legal and tax-exempt, but difficult to trace. We identify these ties using IRS forms submitted by the charitable arms of large U.S. corporations, which list all grants awarded to non-pro fits. We document three patterns in a comprehensive sample of public commentary made by firms and non-profits within U.S. federal rulemaking between 2003 and 2015. First, we show that, shortly after a firm donates to a non-profit, the grantee is more likely to comment on rules for which the firm has also provided a comment. Second, when a firm comments on a rule, the comments by non-profits that recently received grants from the firm's foundation are systematically closer in content similarity to the firm's own comments than to those submitted by other non-profits commenting on that rule. This content similarity does not result from similarly-worded comments that express divergent sentiment. Third, when a firm comments on a new rule, the discussion of the final rule is more similar to the firm's comments when the firm's recent grantees also comment on that rule. These patterns, taken together, suggest that corporations strategically deploy charitable grants to induce non-pro fit grantees to make comments that favor their benefactors, and that this translates into regulatory discussion that is closer to the firm's own comments. |
| 主题 | Other ; Law and Economics ; Economic Systems |
| URL | https://www.nber.org/papers/w25329 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583002 |
| 推荐引用方式 GB/T 7714 | Marianne Bertrand,Matilde Bombardini,Raymond Fisman,et al. Hall of Mirrors: Corporate Philanthropy and Strategic Advocacy. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25329.pdf（410KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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