Exhibit 682

Corporate Lobbying and Firm Performance

Exhibit 682 · Journal article

We find that, on average, lobbying is positively related to accounting and market measures of financial performance.

Uses Lobbying Disclosure Act data; portfolios with the highest lobbying intensity outperform benchmarks in the three following years.

Source: Chen, Parsley and Yang, Journal of Business Finance and Accounting 42(3-4):444-481
Date: 2015
Quoted from: Abstract
Grade: Peer-reviewed
Document: https://doi.org/10.1111/jbfa.12109
Accessed: 2026-11-10
Cited by: Findings citing this exhibit

Cited by

Finding POL-1.10: Peer-reviewed Peer-reviewed studies of other samples find positive associations between lobbying and outcomes: lower effective tax rates (Richter et al.), more earmarks for universities with an appropriations committee member (de Figueiredo and Silverman), and better financial performance (Chen et al.).