Political Spending Results In Fewer SEC Actions, Lower Penalties [Study]
Regulatory capture and undue influence from political spending are always a concern, but specific evidence of wrongdoing is hard to come by, and most accusations come from a vague sense that some firms (or industries) are getting a better deal than others. In her recent paper Political connections and SEC enforcement, London Business School professor of accounting Maria M. Correia shows that there is a strong statistical correlation between increased PAC and lobbying spending and softer Securities and Exchange Commission enforcement.
“Politically connected firms are on . . .
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