Campaign Contributions over CEOs' Careers
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 variation in leadership status over these individuals? careers to identify that being an S&P 500 CEO causes a $4,029 or 137 percent jump per election cycle in personal giving. While some fraction of CEOs? contributions can be attributed to long-standing preferences, the striking changes in behavior cannot be explained by these factors alone.
Volume (Year): 5 (2013)
Issue (Month): 3 (July)
|Contact details of provider:|| Web page: https://www.aeaweb.org/aej-applied|
More information through EDIRC
|Order Information:||Web: https://www.aeaweb.org/subscribe.html|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Silberman, Jonathan I & Durden, Garey C, 1976. "Determining Legislative Preferences on the Minimum Wage: An Economic Approach," Journal of Political Economy, University of Chicago Press, vol. 84(2), pages 317-29, April.
- Meer, Jonathan & Rosen, Harvey S., 2011.
"The ABCs of charitable solicitation,"
Journal of Public Economics,
Elsevier, vol. 95(5), pages 363-371.
- Oriana Bandiera & Iwan Barankay & Imran Rasul, 2010.
"Social Incentives in the Workplace,"
Review of Economic Studies,
Oxford University Press, vol. 77(2), pages 417-458.
- Ovtchinnikov, Alexei V. & Pantaleoni, Eva, 2012. "Individual political contributions and firm performance," Journal of Financial Economics, Elsevier, vol. 105(2), pages 367-392.
- Chappell, Henry W, Jr, 1982. "Campaign Contributions and Congressional Voting: A Simultaneous Probit-Tobit Model," The Review of Economics and Statistics, MIT Press, vol. 64(1), pages 77-83, February.
- Joulfaian, David & Marlow, Michael L, 1991. "Incentives and Political Contributions," Public Choice, Springer, vol. 69(3), pages 351-55, March.
- Eric Guthey & Brad Jackson, 2005. "CEO Portraits and the Authenticity Paradox," Journal of Management Studies, Wiley Blackwell, vol. 42(5), pages 1057-1082, 07.
- Kaplan, Steven N. & Minton, Bernadette A., 2006.
"How Has CEO Turnover Changed? Increasingly Performance Sensitive Boards and Increasingly Uneasy CEOs,"
Working Paper Series
2006-7, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Steven N. Kaplan & Bernadette Minton, 2006. "How has CEO Turnover Changed? Increasingly Performance Sensitive Boards and Increasingly Uneasy CEOs," NBER Working Papers 12465, National Bureau of Economic Research, Inc.
- Aggarwal Rajesh K. & Meschke Felix & Wang Tracy Yue, 2012. "Corporate Political Donations: Investment or Agency?," Business and Politics, De Gruyter, vol. 14(1), pages 1-40, April.
- Milyo Jeffrey & Primo David & Groseclose Timothy, 2000. "Corporate PAC Campaign Contributions in Perspective," Business and Politics, De Gruyter, vol. 2(1), pages 1-15, April.
This item is featured on the following reading lists or Wikipedia pages:
- Campaign Contributions over CEOs' Careers (AEJ:AE 2013) in ReplicationWiki
When requesting a correction, please mention this item's handle: RePEc:aea:aejapp:v:5:y:2013:i:3:p:170-88. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jane Voros)or (Michael P. Albert)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.