Results 211 to 220 of about 2,685 (260)
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Corporate governance and lobbying strategies
Journal of Business Research, 2013Abstract The paper extends the recent research on corporate non-market actions ( Fernandez & Usero, 2010 , and Usero & Fernandez, 2009 ). Specifically, we study whether corporate governance, in terms of managerial entrenchment, determines the choice and degree of lobbying engagements as a non-market strategy and with what impact on firm value.
Manohar Singh +2 more
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Corporate lobbying and firm performance variability
Finance Research Letters, 2023This paper is the first to provide empirical evidence that higher lobbying expenditures are associated with higher operational performance variability. Using data from S&P1500 firms over the 2000–2020 period, our estimates indicate a positive relationship between lobbying expenditures and the variability of return on asset and return on equity ...
Alexandre Girard +2 more
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The Determinants of Effective Corporate Lobbying
SSRN Electronic Journal, 2013In this paper we study whether capital markets view lobbying activities to be value enhancing by examining the effects of lobbying on excess returns and stock return volatility. We undertake our analysis cautious that there are significant differences between the characteristics of lobbying and non-lobbying firms.
Richard Borghesi, Kiyoung Chang
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The economics of corporate lobbying
Journal of Corporate Finance, 2018Abstract Prior literature examines motivations and impact of corporate lobbying and presents inconclusive evidence. We examine the association of corporate lobbying with firm performance by focusing on how this relationship varies with firm characteristics.
Cao, Z. +3 more
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A hidden hand in corporate lobbying
Financial Management, 2020AbstractI investigate the role of institutional investors in firms’ lobbying activities. Firms with greater lobbying institutional ownership lobby more. Using a novel dataset with lobbying information on congressional bills, I show that institutional investors support portfolio firms by lobbying together on same bills.
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A Dark Side of Corporate Lobbying
SSRN Electronic Journal, 2020This paper studies the impacts of lobbying engagement on corporate innovation efforts. We find that more corporate lobbying activities causally impedes innovation, in contrast to the conventional stewardship perspective that lobbying brings government privileges. One percent increase in lobbying expenditures reduces the number of patents by 30 bps, the
Anqi Jiao, Juntai Lu
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SSRN Electronic Journal
A common concern is that ambitious climate policy is—at least in parts—obstructed by corporate lobbying activities. We quantify corporate anti- and pro-climate lobbying expenses, identify the largest corporate lobbyists and their motives, establish how climate lobbying relates to corporate business models, and document whether and how climate lobbying ...
Markus Leippold +2 more
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A common concern is that ambitious climate policy is—at least in parts—obstructed by corporate lobbying activities. We quantify corporate anti- and pro-climate lobbying expenses, identify the largest corporate lobbyists and their motives, establish how climate lobbying relates to corporate business models, and document whether and how climate lobbying ...
Markus Leippold +2 more
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Lobbying at the Water's Edge: The Corporate Foreign Policy Lobby
SSRN Electronic Journal, 2015Each year, groups ranging from multinationals to non-profits spend hundreds of millions of dollars lobbying America’s federal government on foreign policy. This massive flow of private dollars raises concerns about the health of political pluralism in the realm of America’s international relations.
Emilie Marie Hafner-Burton +2 more
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The Corporate Context of Lobbying Activity
Business and Politics, 2006Despite extensive research on political activity on the part of corporations, clear and consistent findings remain elusive. We identify three reasons for this failure. First, most of the empirical literature on corporate political activity simply studies the wrong phenomena by examining political action committees rather than lobbying more generally ...
Holly Brasher, David Lowery
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