The Price of Political Ties: Reputational Risk and the Strategic Divestment of Corporate PACs
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Political contributions generate access and influence for firms, but their public visibility exposes firms to reputational risk. We study how firms adjust their political spending when the reputational cost of political ties rises sharply. To identify this response, we exploit fatal school shootings
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美国国家经济研究局创建时间：
2026-07-01
