Papers & Opinions


Paper


Posted on 25 April 2024

We document that in the wake of the Supreme Court's Citizens United decision, which increased in the ability of the wealthy to finance political campaigns, the share of total electoral...

Paper


Posted on 24 October 2022

Having “friends in high places” can bring many benefits. But what happens if these “friends” are involved in shady business dealings, use taxpayer funds to finance lavish offices or vacations,...

Paper


Posted on 8 November 2021

In a general equilibrium framework, we study the cost incurred by banks to ''buy" influence on capital regulation via campaign contributions. Our central result is that banks buy influence at...

Paper


Posted on 1 October 2021

We analyze a novel data set of corporate contributions to ballot initiatives and referendums at the U.S. state level. Firms make significant contributions to ballot measures in favor of or...

Paper


Posted on 2 September 2021

We demonstrate that similarity in employees’ political attitudes plays an important role in mergers and acquisitions. Using detailed data on employees’ campaign contributions to Democrats and Republicans, we find that...