@article{e833e5b18c5e42e9aab0f1bfcfb62a4f,
title = "The politics of CEOs",
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.",
author = "Alma Cohen and Moshe Hazan and Roberto Tallarita and David Weiss",
note = "Funding Information: This article is part of the work of the Project on Corporate Political Spending of the Harvard Law School Program on Corporate Governance. We would like to thank Lucian Bebchuk and Itay Saporta, the editor, and anonymous referees for valuable comments and discussions. We have also benefitted from invaluable research assistance by Shay Acrich, Omer Braun, Zoe Piel, and Ewelina Rudnicka. We gratefully acknowledge the financial support of the John M. Olin Center for Law, Economics, and Business and the Program on Corporate Governance at Harvard Law School, the Israel Science Foundation, and Tel-Aviv University. Publisher Copyright: {\textcopyright} 2019 The Author(s). Published by Oxford University Press on behalf of The John M. Olin Center for Law, Economics and Business at Harvard Law School.",
year = "2019",
doi = "10.1093/jla/laz002",
language = "English",
volume = "11",
pages = "1--45",
journal = "Journal of Legal Analysis",
issn = "2161-7201",
publisher = "Oxford University Press, USA",
number = "1",
}