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SUMMARY:Do CEOs Affect Employees' Political Choices? - Ilona Babenko\, Ari
 zona State University
DTSTART:20171109T124500Z
DTEND:20171109T134500Z
UID:TALK73891@talks.cam.ac.uk
CONTACT:CERF/CF Admin
DESCRIPTION:We analyze how the political preferences of CEOs affect their 
 employees’ campaign contributions and electoral choices. We find that em
 ployees donate almost three times more money to CEO-supported political ca
 ndidates than to candidates not supported by the CEO. This relation also h
 olds around CEO departures\, including plausibly exogenous departures due 
 to retirement or death. CEO influence is strongest in firms that explicitl
 y advocate for political candidates and firms with politically connected C
 EOs. We also find evidence that CEO influence increases political disagree
 ment among members of the same household\, which may be welfare-decreasing
 . Finally\, employees are more likely to vote in elections in those congre
 ssional districts where CEOs are more politically active. Overall\, our re
 sults suggest that CEOs are a political force.\n\n 
LOCATION:Room W2.01 Cambridge Judge Business School
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