The Politics of CEOs

Alma Cohen, Moshe Hazan, Roberto Tallarita, David Weiss

Research output: Contribution to journalReview articlepeer-review

20 Scopus citations

Abstract

This article studies the political preferences of chief executive officers (CEOs) of public companies. We use Federal Election Commission records to compile a comprehensive database of the political contributions made by more than 3800 individuals who served as CEOs of Standard & Poor's 1500 companies between 2000 and 2017. We find a substantial preference for Republican candidates. We identify how this pattern is related to the company's industry, region, and CEO gender. In addition, we show that companies led by Republican CEOs tend to be less transparent to investors with respect to their political spending. Finally, we discuss the policy implications of our analysis.

Original languageEnglish
Pages (from-to)1-45
Number of pages45
JournalJournal of Legal Analysis
Volume11
DOIs
StatePublished - 2019

Funding

FundersFunder number
Harvard Law School
John M. Olin Center for Law
Tel-Aviv University
Israel Science Foundation

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