Do PAC donations from influential shareholders impact corporate decision-making?

Research highlights how institutional investors circumvent constraints and amplify their influence.

Congratulations to WRDS Best Paper Award winner:

Investing in influence: Investors, portfolio firms, and political giving
Marianne Bertrand (University of Chicago)
Matilde Bombardini (University of California-Berkeley)
Ray Fisman (Boston University)
Francesco Trebbi (University of California-Berkeley)
Eyub Yegen (University of Toronto)

The award was presented by the Eastern Finance Association during their conference in April 2021.