The Resource Did firms profit from soft money?, [by] Stephen Ansolabehere, James M. Snyder, Jr. [and] Michiko Ueda., (electronic resource)

Did firms profit from soft money?, [by] Stephen Ansolabehere, James M. Snyder, Jr. [and] Michiko Ueda., (electronic resource)

Label
Did firms profit from soft money?
Title
Did firms profit from soft money?
Statement of responsibility
[by] Stephen Ansolabehere, James M. Snyder, Jr. [and] Michiko Ueda.
Creator
Contributor
Provider
Language
eng
Summary
This paper uses event study methodology to measure whether firms that gave soft money to political parties received excessively high rates of returns from their contributions. We measure the excess returns of firms that gave large amounts of soft money and firms that gave no soft money, and changes in those excess returns around five key events in the approval of the Bi-Partisan Campaign Reform Act: the House of Representatives passes BCRA, the Senate passes BCRA, the President announces his intention to sign BCRA, the Supreme Court hears oral arguments, and the Court announced its decision to uphold the Act. These actions, especially the Court's decision, involved considerable uncertainty, and in some cases went against the conventional wisdom. Other studies have found that stock market prices do respond to surprising political events, such as the death of the powerful Senator Henry Jackson of Washington. We find that the five events surrounding the BCRA had no noticeable effect on the valuation of Fortune 500 firms that gave large amounts of soft money, relative to the firms that gave no soft money. Keywords: campaign finance, interest groups, political economy. JEL Classifications: D72
Member of
Additional physical form
Abstract in HTML and working paper for download in PDF available via World Wide Web at the Social Science Research Network.
Cataloging source
MYG
http://library.link/vocab/creatorName
Ansolabehere, Stephen
Index
no index present
Literary form
non fiction
Nature of contents
  • bibliography
  • technical reports
http://library.link/vocab/relatedWorkOrContributorName
  • Snyder, James M
  • Ueda, Michiko
  • Massachusetts Institute of Technology
  • Internet Archive
Series statement
Working paper series / Massachusetts Institute of Technology, Dept. of Economics
Series volume
working paper 04-11
Label
Did firms profit from soft money?, [by] Stephen Ansolabehere, James M. Snyder, Jr. [and] Michiko Ueda., (electronic resource)
Instantiates
Publication
Note
"January 2004."
Bibliography note
Includes bibliographical references (p. [13])
Dimensions
28 cm.
Extent
[14] p.
Specific material designation
remote
System control number
  • (OCoLC)55230296
  • (CaSfIA)didfirmsprofitfr00anso
  • (CaSfIA)001259279
Label
Did firms profit from soft money?, [by] Stephen Ansolabehere, James M. Snyder, Jr. [and] Michiko Ueda., (electronic resource)
Publication
Note
"January 2004."
Bibliography note
Includes bibliographical references (p. [13])
Dimensions
28 cm.
Extent
[14] p.
Specific material designation
remote
System control number
  • (OCoLC)55230296
  • (CaSfIA)didfirmsprofitfr00anso
  • (CaSfIA)001259279

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