Concerns that interest groups use their financial resources to distort the democratic process
are long‐standing. Surprisingly, though, firms spend little money on political campaigns, and …

Law professors routinely accuse each other of making politically biased arguments in their
scholarship. They have also helped produce a large empirical literature on judicial behavior …

The prime objective of this study is to find the impact of political decisions and events on
stock returns, organize and evaluate the literature about the political influences in stock …

In politics, money is often the name of the game. Politicians enrich themselves while in
office, spend campaign money to finance their re-election, and accept lucrative'golden …

International environmental cooperation can impose significant costs on private firms. Yet, in
recent years some companies have been supportive of international climate agreements …

We document that executives working at firms perceived negatively in light of social norms,
such as tobacco, gambling and alcohol, earn a significant compensation premium. The …

We argue that the analysis of multiple political connections in an event study framework can
improve the study of institutional change. Based on a unique data set of multiple political …

Studies of American politics consistently find little link between campaign contributions and
electoral and policy outcomes, concluding that donors gain little from donating. Despite this …

While most voters and politicians are convinced that campaign finance shapes policy and
elections, studies typically have found small or no effects. However, better data and a …

How do crises affect trade policy? This article reconciles starkly diverging accounts in the
literature by showing that economic adversity generates endogenous incentives not only for …