Beyond Lobbying Expenditures: How Lobbying Breadth and Political Connectedness Affect Firm Outcomes
نویسندگان
چکیده
منابع مشابه
Caps on Political Lobbying
The cost of political campaigns in the U.S. has risen substantially in recent years. For example, real spending on congressional election campaigns doubled between 1976 and 1992 (Steven D. Levitt [1995]). There are many reasons why increased campaign spending might be socially harmful. First, increased spending means increased fund-raising, which may keep politicians from their legislative duti...
متن کاملPolitical institutions , lobbying and corruption
Although firms use various strategies to try to influence government policy, with lobbying and corruption chiefly among them, and political institutions play an important role in determining policy choices, very little research has been devoted to these topics. This paper tries to fill this gap. Using cross-country enterprise-level data, it investigates (1) the effect of a key political institu...
متن کاملPolitical Networks, Ideology and Lobbying
We study lobbying with information in a setting where politicians are connected through a network describing information flows. There are two opposing lobby groups, who choose which politician to address. The decision depends on the ideological bias of politicians as well as the overall network structure. We show that there is an interplay between the strength of the network, as given by the in...
متن کاملCaps on Political Lobbying: Reply
Yeon-Koo Che and Ian Gale (1998) [CG, hereafter] studied the impact of imposing a cap on lobbying expenditures. They showed that a cap may lead to (1) greater expected aggregate expenditure and (2) a less efficient allocation of a political prize. In their comment, Todd Kaplan and David Wettstein (2005) [KW, hereafter] show that if the cap is not rigid (i.e., its effect on the cost of lobbying ...
متن کاملThe Dynamics of Firm Lobbying
How is economic policy made? In this paper we study a key determinant of the answer to the question: lobbying by firms. Estimating a binary choice model of firm behavior, we find significant evidence for the idea that barriers to entry induce persistence in lobbying. The existence of these costs is further confirmed in studying how firms responded to a particular policy change: the expiration o...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Academy of Management Journal
سال: 2017
ISSN: 0001-4273,1948-0989
DOI: 10.5465/amj.2015.0584