Gu, Yuqi; Kaviani, Mahsa; Li, Lily; Maleki, Hosein; … - 2021
We investigate how political ideology affects corporate innovation by using the expansion of Sinclair Broadcasting, the … largest conservative media network in the U.S., as a plausible shock to the local ideology. We find that innovation quantity … economic value of innovation) fall significantly upon the Sinclair entry to a local TV market. The effect is driven by the …