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How Does Corporate Political Activity Allowed by Citizens United v. FEC Affect Shareholder Wealth?

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  • Thomas Stratmann
  • J.W. Verret

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  • Thomas Stratmann & J.W. Verret, 2015. "How Does Corporate Political Activity Allowed by Citizens United v. FEC Affect Shareholder Wealth?," Journal of Law and Economics, University of Chicago Press, vol. 58(3).
    • Handle: RePEc:ucp:jlawec:doi:10.1086/684226
    DOI: 10.1086/684226
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    1. Knight*, Brian, 2007. "Are policy platforms capitalized into equity prices? Evidence from the Bush/Gore 2000 Presidential Election," Journal of Public Economics, Elsevier, vol. 91(1-2), pages 389-409, February.
    2. Aggarwal, Rajesh K. & Meschke, Felix & Wang, Tracy Yue, 2012. "Corporate Political Donations: Investment or Agency?," Business and Politics, Cambridge University Press, vol. 14(1), pages 1-38, April.
    3. Stephen Ansolabehere & John M. de Figueiredo & James M. Snyder Jr, 2003. "Why is There so Little Money in U.S. Politics?," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 105-130, Winter.
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    6. Thomas Stratmann, 2005. "Some talk: Money in politics. A (partial) review of the literature," Public Choice, Springer, vol. 124(1), pages 135-156, July.
    7. Eitan Goldman & Jörg Rocholl & Jongil So, 2009. "Do Politically Connected Boards Affect Firm Value?," The Review of Financial Studies, Society for Financial Studies, vol. 22(6), pages 2331-2360, June.
    8. Michael J. Cooper & Huseyin Gulen & Alexei V. Ovtchinnikov, 2010. "Corporate Political Contributions and Stock Returns," Journal of Finance, American Finance Association, vol. 65(2), pages 687-724, April.
    9. Jayachandran, Seema, 2006. "The Jeffords Effect," Journal of Law and Economics, University of Chicago Press, vol. 49(2), pages 397-425, October.
    10. Gene M. Grossman & Elhanan Helpman, 1996. "Electoral Competition and Special Interest Politics," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 63(2), pages 265-286.
    11. Faccio, Mara & Parsley, David C., 2009. "Sudden Deaths: Taking Stock of Geographic Ties," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 44(3), pages 683-718, June.
    12. Hui Chen & David Parsley & Ya-Wen Yang, 2015. "Corporate Lobbying and Firm Performance," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 42(3-4), pages 444-481, April.
    13. John C. Coates IV, 2012. "Corporate Politics, Governance, and Value Before and After Citizens United," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 9(4), pages 657-696, December.
    14. Matthew D. Hill & G. Wayne Kelly & G. Brandon Lockhart & Robert A. Ness, 2013. "Determinants and Effects of Corporate Lobbying," Financial Management, Financial Management Association International, vol. 42(4), pages 931-957, December.
    15. Aggarwal Rajesh K. & Meschke Felix & Wang Tracy Yue, 2012. "Corporate Political Donations: Investment or Agency?," Business and Politics, De Gruyter, vol. 14(1), pages 1-40, April.
    16. Mara Faccio, 2006. "Politically Connected Firms," American Economic Review, American Economic Association, vol. 96(1), pages 369-386, March.
    17. Gordon, Sanford C. & Hafer, Catherine, 2005. "Flexing Muscle: Corporate Political Expenditures as Signals to the Bureaucracy," American Political Science Review, Cambridge University Press, vol. 99(2), pages 245-261, May.
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    Cited by:

    1. Nguyen, Hieu Quang, 2023. "Corruption, political connection, and firm investments," International Review of Financial Analysis, Elsevier, vol. 90(C).
    2. Greiner, Michael & Kim, Jaemin & Cordon Thor, Jennifer, 2023. "Narcissistic CEOs and their corporate political activity," Journal of Business Research, Elsevier, vol. 163(C).
    3. Timothy Werner, 2017. "Investor Reaction to Covert Corporate Political Activity," Strategic Management Journal, Wiley Blackwell, vol. 38(12), pages 2424-2443, December.
    4. Ilona Babenko & Viktar Fedaseyeu & Song Zhang, 2017. "Do CEOs affect employees' political choices?," BAFFI CAREFIN Working Papers 1750, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    5. Doran, Colin & Stratmann, Thomas, 2021. "How does liability affect prices? Railroad sparks and timber," International Review of Law and Economics, Elsevier, vol. 66(C).
    6. Greiner, Michael & Kim, Jaemin & Cordon Thor, Jennifer, 2023. "CEO values as antecedents to corporate political activity: An empirical exploration," Journal of Business Research, Elsevier, vol. 160(C).
    7. Ilona Babenko & Viktar Fedaseyeu & Song Zhang, 2017. "Executives In Politics," BAFFI CAREFIN Working Papers 1762, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.

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