Determinants and effects of corporate lobbying

Financial Management

Volumn 42, Issue 4, 2013, Pages 931-957

  Hill, Matthew D ^a   Kelly, G Wayne ^b   Lockhart, G Brandon ^c   Van Ness, Robert A ^a  

^a UNIVERSITY OF MISSISSIPPI   (United States)

^b UNIVERSITY OF SOUTHERN MISSISSIPPI   (United States)

^c CLEMSON UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84886950394     PISSN: 00463892     EISSN: 1755053X     Source Type: Journal    
DOI: 10.1111/fima.12032     Document Type: Article

References (38)

1. Agrawal, A. and C. Knoeber, 2001, "Do Some Outside Directors Play a Political Role?" Journal of Law and Economics 44, 179-198.
2. Alexander, R., S. Mazza, and S. Scholz, 2009, "Lobbying ROI: An Empirical Analysis Under the American Jobs Creation Act of 2004, " Journal of Law and Politics 25, 401-457.
3. Ansolabehere, S., J. de Figueiredo, and J. Snyder, 2003, "Why Is There so Little Money in US Politics?" Journal of Economic Perspectives 17, 105-130.
4. Bates, T., K. Kahle, and R. Stulz, 2009, "Why Do US Firms Hold So Much More Cash Than They Used To?" Journal of Finance 64, 1985-2021.
5. Bebchuck, L. and R. Jackson, Jr., 2010, "Corporate Political Speech: Who Decides?" Harvard Law Review 124, 83-117.
6. Belsley, D., E. Kuh, and R. Welsch, 1980, Regression Diagnostics: Identifying Influential Data and Sources of Collinearity, New York, NY, Wiley.
7. Borisov, A., E. Goldman, and N. Gupta, 2012, "The Value of (Corrupt) Lobbying, " Indiana University Working Paper.
8. Brown, W., E. Helland, and J. Kiholm-Smith, 2006, "Corporate Philanthropic Practices, " Journal of Corporate Finance 12, 855-877.
9. Chen, H., D. Parsley, and Y. Yang, 2012, "Corporate Lobbying and Financial Performance, " University of Colorado-Boulder Working Paper.
10. Cooper, M., H. Gulen, and A. Ovtchinnikov, 2010, "Corporate Political Contributions and Stock Returns, " Journal of Finance 65, 687-724.
11. Dittmar, A. and J. Mahrt-Smith, 2007, "Corporate Governance and the Value of Cash Holdings, " Journal of Financial Economics 83, 599-634.
12. Duchin, R. and D. Sosyura, 2012, "The Politics of Government Investment, " Journal of Financial Economics 106, 24-48.
13. Faccio, M., 2006, "Politically Connected Firms, " American Economic Review 96, 369-385.
14. Faccio, M., 2010, "The Characteristics of Politically Connected Firms, " Financial Management 39, 905-928.
15. Faccio, M., R. Masulis, and J. McConnell, 2006, "Political Connections and Corporate Bailouts, " Journal of Finance 61, 2597-2635.
16. Faccio, M. and D. Parsley, 2009, "Sudden Deaths: Taking Stock of Geographic Ties, " Journal of Financial Quantitative Analysis 44, 683-718.
17. Fama, E.F. and K.R. French, 1993, "Common Risk Factors in the Returns on Stocks and Bonds, " Journal of Financial Economics 33, 3-56.
18. Fama, E. and K. French, 1997, "Industry Costs of Equity, " Journal of Financial Economics 43, 153-193.
19. Fama, E. and K. French, 1998, "Taxes, Financing Decisions, and Firm Value, " Journal of Finance 53, 819-843.
20. Faulkender, M. and R. Wang, 2006, "Corporate Financial Policy and the Value of Cash, " Journal of Finance 61, 1957-1990.
21. Fisman, R., 2001, "Estimating the Value of Political Connections, " American Economic Review 91, 1095-1102.
22. Gao, M. and J. Huang, 2011, "Capitalizing on Capitol Hill: Informed Trading by Hedge Fund Managers, " National University of Singapore Working Paper.
23. Goldman, E., J. Rocholl, and J. So, 2009, "Do Politically Connected Boards Affect Firm Value?" Review of Financial Studies 22, 2331-2360.
24. Grossman, G. and E. Helpman, 1994, "Protection for Sale, " American Economic Review 84, 833-850.
25. Hasen, R., 2012, "Lobbying, Rent Seeking, and the Constitution, " Stanford Law Review 64, 191-254.
26. Heckman, J., 1979, "Sample Selection Bias as a Specification Error, " Econometrica 47, 153-161.
27. Hochberg, Y., P. Sapienza, and A. Vissing-Jorgensen, 2009, "A Lobbying Approach to Evaluating the Sarbanes-Oxley Act of 2002, " Journal of Accounting Research 47, 519-583.
28. Jensen, M., 1986, "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers, " American Economic Review 76, 323-329.
29. Kim, H., 2008, "Corporate Lobbying Revisited, " Business and Politics 10, 1-23.
30. Milyo, J., D. Primo, and T. Groseclose, 2000, "Corporate PAC Campaign Contributions in Perspective, " Business and Politics 2, 75-88.
31. Newey, W.K. and K.D. West, 1987, "A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix, " Econometrica 55, 703-708.
32. Pinkowitz, L., R. Stulz, and R. Williamson, 2006, "Does the Contribution of Corporate Cash Holdings and Dividends to Firm Value Depend on Governance? A Cross-Country Analysis, " Journal of Finance 61, 2725-2751.
33. Pittman, R., 1976, "The Effects of Industry Concentration and Regulation on Contributions in Three 1972 US Senate Campaigns, " Public Choice 23, 71-80.
34. Richter, B., K. Samphantharak, and J. Timmons, 2009, "Lobbying and Taxes, " American Journal of Political Science 53, 893-909.
35. Stigler, G., 1971, "The Theory of Economic Regulation, " Bell Journal of Economics and Management Science 2, 3-21.
36. Vidal, J., M. Draca, and C. Fons-Rosen, 2012, "Revolving Door Lobbyists, " American Economic Review 102, 3731-3748.
37. Windmieijer, F., 2005, "A Finite Sample Correction for the Variance of Linear Efficient Two-Step GMM Estimators, " Journal of Econometrics 126, 25-51.
38. Yu, F., and X. Yu, 2011, "Corporate Lobbying and Fraud Detection, " Journal of Financial and Quantitative Analysis 46, 1865-1891.