Article(electronic)2014

Political Spending and Shareholder Wealth: The Effect of the U.S. Supreme Court Ruling in Citizens United

In: American politics research, Volume 42, Issue 4, p. 579-599

Burns, Natasha; Jindra, Jan

Order using Subito

Checking availability at your location

Abstract

We examine the impact of the Citizens United decision on firm value. While the value of U.S. firms do not respond significantly to the Citizens United decision on average, we find evidence that firms in industries subject to more extensive regulation react significantly and positively to the announcement. We also find evidence consistent with Justice John Paul Stevens' argument that the Court decision will affect state laws. Specifically, our results indicate that firms that are headquartered in states with more stringent limits on political spending by corporations respond positively to the announcement. [Reprinted by permission of Sage Publications Inc., copyright holder.]

Subjects

WealthSupreme CourtsCourtsCitizensExpendituresRegulationStockholdersLaw

Languages

English

Publisher

Sage Publications, Thousand Oaks CA

ISSN: 1552-3373

DOI

10.1177/1532673X13508976

ExportReport Issue

Report Issue

If you have problems with the access to a found title, you can use this form to contact us. You can also use this form to write to us if you have noticed any errors in the title display.