Research | Investing in influence: Investors, portfolio firms, and political giving
Investing in influence: Investors, portfolio firms, and political giving

Investing in influence: Investors, portfolio firms, and political giving

17 January 2023

Increased institutional ownership of US corporations has led to a discussion about the benefits and risks of asset management companies in control. This paper examines whether the political preferences of institutional investors affect the political contributions of portfolio firms. The results suggest that a large acquisition by an investor is associated with increased political giving by both the investor and acquired firm.

 

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