Firms may be motivated to add noise to political processes to take advantage of policy complexity and politicians' limited rationality. We refer to this incentive as corporate political obfuscation and show that the degree of observable, equilibrium obfuscation depends on the competitiveness of...

The influence of local politics is often dismissed in parliamentary systems. Parliamentary democracies are characterized by the double monopoly of power and high degrees of party cohesion are observed as Members of Parliament (MPs) face strong incentives to vote along party lines. Dissenting...

Purpose – The purpose of this paper is to investigate the relationships between regulatory changes, returns on equity and stock market valuations for Canadian food and non-food agribusinesses. Design/methodology/approach – Two empirical approaches are employed. First, an event study is used...

Dissenting votes in parliamentary systems are overt displays of defiance by individual Members of Parliament (MPs) vis-à-vis their parties. Dissension is particularly surprising as in the vast majority of situations voting against one's party yields no change in legislative outcomes while still...

Individuals dominate money in politics, accounting for over 90 percent of campaign contributions, yet studies of drivers of individuals? giving are scarce. We analyze data on all contributions made between 1991 and 2008 by all 1,556 people who became S&P 500 CEOs during that interval. We exploit...

Campaign contributions are typically seen as a strategic investment for firms; recent empirical evidence, however, has shown few connections between firms’ political investments and regulatory or performance improvements, prompting researchers to explore agency-based explanations for corporate...