Corporate PAC Campaign Contributions in Perspective

Jeffrey D. Milyo · David M. Primo · Timothy Groseclose

303 citations0/0 files storedBusiness and Politics

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Political Influence and Corporate Strategies Electoral Systems and Political Participation Media Influence and Politics

Abstract

There is a vast empirical literature on the allocation of corporate PAC contributions in Congressional elections and the influence that these contributions have on the policy-making process. The attention given to PAC contributions is far in excess of their actual importance. Corporate PAC contributions account for about 10% of Congressional campaign spending and major corporations allocate far more money to lobbying or philanthropy than their affiliated PACs make in contributions.

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References

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2006Academic Earmarks and the Returns to Lobbying 2020Tax-Exempt Lobbying: Corporate Philanthropy as a Tool for Political Influence 2013Determinants and Effects of Corporate Lobbying 2008Corporate Political Contributions and Stock Returns 2014The Political Mobilization of Firms and Industries

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