• Publications
  • Influence
The Sound, the Fury, and the Nonevent: Business Power and Market Reactions to the Citizens United Decision
In the wake of the U.S. Supreme Court decision in Citizens United v. Federal Election Commission , supporters of campaign finance reform argued that American politics would soon be awash in corporateExpand
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Do Public Funding Programs Enhance Electoral Competition
consequences of taxpayer-financed elections. First, public funding can help potential candidates overcome the barriers that might deter them from running. In a vicious cycle, potential candidates whoExpand
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Gaining Access by Doing Good: The Effect of Sociopolitical Reputation on Firm Participation in Public Policy Making
  • T. Werner
  • Economics, Computer Science
  • Manag. Sci.
  • 1 August 2015
TLDR
This paper examines the role of firms' sociopolitical reputations, as proxied by their perceived engagement in socially responsible practices, in public policy makers' decisions to grant access in the policy-making process. Expand
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Public election funding, competition, and candidate gender
I n 2000, Arizona and Maine implemented full public funding for state legislative elections, and Connecticut will do so in 2008. Candidates who opt to accept public funding receive grants that payExpand
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Corporate Lobbying and CEO Pay
This study examines the agency costs of corporate lobbying by exploring the relation between lobbying and excess CEO compensation. We show that CEOs of firms engaged in lobbying earn significantlyExpand
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Investor Reaction to Covert Corporate Political Activity
Research summary: Citizens United v. Federal Election Commission and subsequent developments created a covert channel for firms to allocate resources from corporate treasuries to political activity.Expand
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Citizens United, Independent Expenditures, and Agency Costs: Reexamining the Political Economy of State Antitakeover Statutes
We test the agency theory of corporate political activity by examining the association between the legality of independent expenditures and antitakeover lawmaking in the US states. Exploiting changesExpand
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Do Private Policies Create a New Politics ? Corporate Social Responsibility , Information , & Access ∗
Through an analysis of corporate testimony before Congressional committees, this paper finds that members of Congress supply greater access to firms that engage in private policymaking at higherExpand
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Changes in Firms’ Political Investment Opportunities, Managerial Accountability, and Reputational Risk
We use the U.S. Supreme Court’s decision in Citizens United v. Federal Election Commission to assess the reputational risks created by political investment opportunities that allow managers to spendExpand
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