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Cari koleksi dengan cepat sesuai kebutuhan Anda.We test the agency theory of corporate political activity by examining the association between the legality of independent expenditures and antitakeover lawmaking in the USstates. Exploiting changes in state law regarding the use of corporate independent expenditures in the pre-Citizens United era, we estimate that a state ismore likely to pass antitakeover statutes that entrench management whe…
To what extent do politicians reward voters who are members of their own ethnic or racial group? Using data from large cities in the United States, we study how black employment outcomes are affected by changes in the race of the cities� mayors between 1973 and 2004. We find that relative to whites, black employment and labor force participation rise, and the black unemployment rate fa…