Influence-Seeking in U.S. Corporate Elites' Campaign Contribution Behavior
Publication type: Journal Article
Publication date: 2025-05-01
scimago Q1
wos Q1
SJR: 7.425
CiteScore: 8.3
Impact factor: 6.8
ISSN: 00346535, 15309142
Social Sciences (miscellaneous)
Economics and Econometrics
Abstract
I leverage a new panel on the contributions to members of the U.S. Congress (MCs) from 401,557 corporate leaders of 14,807 U.S. corporations over 1999–2018 to show that U.S. corporate elites use contributions to political campaigns as a tool of political influence. Donations increase by 11% when a politician is assigned to a committee dealing with policy issues relevant to a corporate leader’s company. The effect is driven by donations to MCs with the greatest power in the committees. I estimate that, absent an influence motive, donations from corporate leaders during this period would have been lower by $20 million.
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Metrics
6
Total citations:
6
Citations from 2024:
3
(50%)
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MLA
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GOST
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Teso E. Influence-Seeking in U.S. Corporate Elites' Campaign Contribution Behavior // Review of Economics and Statistics. 2025. Vol. 107. No. 3. pp. 685-696.
GOST all authors (up to 50)
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Teso E. Influence-Seeking in U.S. Corporate Elites' Campaign Contribution Behavior // Review of Economics and Statistics. 2025. Vol. 107. No. 3. pp. 685-696.
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RIS
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TY - JOUR
DO - 10.1162/rest_a_01321
UR - https://direct.mit.edu/rest/article/doi/10.1162/rest_a_01321/115276/Influence-Seeking-in-U-S-Corporate-Elites-Campaign
TI - Influence-Seeking in U.S. Corporate Elites' Campaign Contribution Behavior
T2 - Review of Economics and Statistics
AU - Teso, Edoardo
PY - 2025
DA - 2025/05/01
PB - MIT Press
SP - 685-696
IS - 3
VL - 107
SN - 0034-6535
SN - 1530-9142
ER -
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BibTex (up to 50 authors)
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@article{2025_Teso,
author = {Edoardo Teso},
title = {Influence-Seeking in U.S. Corporate Elites' Campaign Contribution Behavior},
journal = {Review of Economics and Statistics},
year = {2025},
volume = {107},
publisher = {MIT Press},
month = {may},
url = {https://direct.mit.edu/rest/article/doi/10.1162/rest_a_01321/115276/Influence-Seeking-in-U-S-Corporate-Elites-Campaign},
number = {3},
pages = {685--696},
doi = {10.1162/rest_a_01321}
}
Cite this
MLA
Copy
Teso, Edoardo, et al. “Influence-Seeking in U.S. Corporate Elites' Campaign Contribution Behavior.” Review of Economics and Statistics, vol. 107, no. 3, May. 2025, pp. 685-696. https://direct.mit.edu/rest/article/doi/10.1162/rest_a_01321/115276/Influence-Seeking-in-U-S-Corporate-Elites-Campaign.