PEW: Caroline Le Pennec

Mon, Apr 5, 2021, 4:15 pm to 5:30 pm

Do campaign contributions influence politicians? In this article, we study the impact of corporate donations on ideology and political rhetoric among candidates running for parliamentary seats. We construct a novel dataset that combines candidate manifestos with data on the amount and origin of the donations received by all the candidates to the French Parliament. We exploit an exogenous historical shock on corporate contributions to estimate their causal impact. Combining a difference-in-differences approach with computational text analysis, we show that receiving more donations from small and local corporate donors encourages candidates to advertise their local presence over national politics in their campaign communication. We also find evidence that donations lead candidates from extreme parties to moderate their rhetoric -- including shifts in the policy topics they advertise. Our results are consistent with an "electoral effect": receiving expressive contributions from corporate donors changes candidates' perception of the issues that matter most to their constituents. They adjust the content of their campaign messages accordingly, which alters the information made available to voters before casting their vote.

Location: 
via Zoom
Speaker(s): 

Upcoming

PE Research Seminar: Ephraim Shimko

Fri, Dec 10, 2021, 12:15 pm
Location: Wallace 300

PEW: Alessandra Casella

Mon, Feb 28, 2022, 4:15 pm

Princeton/Warwick/Utah Political Economy Conference 2022

Fri, Mar 11, 2022, 9:00 am to Sat, Mar 12, 2022, 5:00 pm
Location: Rome, Italy

PEW: Julia Cagé

Mon, Mar 14, 2022, 4:15 pm

PEW: Bard Harstad

Mon, Mar 21, 2022, 4:15 pm

PEW: Ceren Baysan

Mon, Mar 21, 2022, 4:15 pm

PEW: Helios Herrera

Mon, Apr 4, 2022, 4:15 pm

PEW: Marina Halac

Mon, Apr 18, 2022, 4:15 pm

PEW: Tianyi Wang

Mon, Apr 25, 2022, 4:15 pm

PEW: Gerard Padró i Miquel

Mon, May 2, 2022, 4:15 pm