In this paper, we study shareholder views on corporate political contributions. We find that, with shareholders … more from this shareholder’s support than Republican party, particularly in case of firms which have recently switched … their political ideology to Democratic party. Our results show that shareholders’ explicit approval has an impact on firm …

What is the appropriate objective function for a firm? We analyze this question for the case where shareholders are … consistent with the preferences of their investors. Voting by shareholders on corporate policy is one way to achieve this …