Using a comprehensive database covering federal contracts, we document presidential particularism in the allocation of U.S. federal government contracts during election cycles. Firms located in ''Swing'' and ''Core'' states receive disproportionately higher monetary value in federal contracts at...

We study the relationship between partisan values and financial adviser misconduct. Using self-declared party affiliations from voter records as our proxy for individual values, we find that Republican advisers are 11% more likely to commit financial misconduct than other advisers at the same...

This paper studies how corporate philanthropy affects employee retention among high-skilled employees, focusing on the turnover of inventors. In a difference-in-differences-IV setting, we use large natural disasters as shocks to demand for disaster relief to identify exogenous variation in...

I show that an alignment in partisan affiliation between a firm’s management and the president in power is associated with higher levels of investment by the firm. Using insider trading data, I find that managers become more optimistic about their companies’ prospects when their preferred...