Government

Employees Donate More to Their CEOs’ Preferred Political Candidates

A study shows that CEOs are a civic force that should not be ignored.

by

and

Song Zhang

by

and

Song Zhang

October 17, 2016

CEOs have a profound impact on the firms they run, affecting how their employees interact with customers, suppliers, and among themselves. But do CEOs also affect how their employees make choices in areas not directly related to firm operations, such as politics?

IB

Ilona Babenko is an associate professor in finance at the W. P. Carey School of Business, Arizona State University. She received her bachelor’s degree in Physics from Belarus State University, her master’s degree in Physics from the University of Minnesota, and her PhD in Finance from the University of California, Berkeley. She has published several articles in academic and practitioner journals, including the Journal of Finance, Review of Financial Studies, Management Science, and Journal of Finance and Quantitative Analysis.
VF

Viktar Fedaseyeu is an assistant professor of finance at Bocconi University in Italy. His current research interests focus on corporate governance and political economy, with an emphasis on how economic interests affect political preferences.
SZ

Song Zhang is a doctoral candidate in finance at the University of Lugano and Swiss Finance Institute. His current research interests focus on corporate finance, political economy, and the role of institutional investors.

Employees Donate More to Their CEOs’ Preferred Political Candidates

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