Book contents
- Corporate Political Responsibility
- Reviews
- Corporate Political Responsibility
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- Section I Foundations of Corporate Political Responsibility: Metrics for Disclosure and Good Governance
- 1 The Meaning of Corporate Political Responsibility
- 2 Targeting Private Sector Influence in Politics
- 3 Measuring Corporate Political Responsibility
- Section II Transparency: Causes and Consequences
- Section III Accountability: Linking Corporate Social Responsibility, Employee Relations, and Corporate Political Responsibility
- Section IV Responsibility: Corporate Political Responsibility and Climate
- Section V Implementing Corporate Political Responsibility: Opportunities and Challenges
- Index
- References
3 - Measuring Corporate Political Responsibility
from Section I - Foundations of Corporate Political Responsibility: Metrics for Disclosure and Good Governance
Published online by Cambridge University Press: 16 November 2023
Edited by
Book contents
- Corporate Political Responsibility
- Reviews
- Corporate Political Responsibility
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- Section I Foundations of Corporate Political Responsibility: Metrics for Disclosure and Good Governance
- 1 The Meaning of Corporate Political Responsibility
- 2 Targeting Private Sector Influence in Politics
- 3 Measuring Corporate Political Responsibility
- Section II Transparency: Causes and Consequences
- Section III Accountability: Linking Corporate Social Responsibility, Employee Relations, and Corporate Political Responsibility
- Section IV Responsibility: Corporate Political Responsibility and Climate
- Section V Implementing Corporate Political Responsibility: Opportunities and Challenges
- Index
- References
Summary
In this chapter, we examine the measurement issues that currently plague analysis of corporate political activity and that must be remedied for CPR to be credible, with a focus on the federal level. We begin with issues of electoral spending before turning to spending on lobbying. In each case, we survey the laws mandating disclosure of these activities, along with what some firms and third parties are doing to shed light on activities that fall outside these reporting requirements. We then discuss the questions that can be answered with existing data, and the important questions that are impossible to answer due to data gaps. Finally, we discuss changes to current laws, and to norms of corporate behavior, that could increase transparency and accountability around corporate political activity.
Keywords
- Type
- Chapter
- Information
- Corporate Political Responsibility , pp. 62 - 98Publisher: Cambridge University PressPrint publication year: 2023
References
Bertrand, M., Matilde, B., Raymond, F., & Francesco, T. (2014). Is It Whom You Know or What You Know? An Empirical Assessment of the Lobbying Process. American Economic Review, 104(12), 3885–920.CrossRefGoogle Scholar
Bertrand, M., Matilde, B., Raymond, F., & Francesco, T. (2020). Tax-Exempt Lobbying: Corporate Philanthropy as a Tool for Political Influence. American Economic Review, 110(7), 2065–102.CrossRefGoogle Scholar
The Center for Political Accountability. (2021). CPA-Zicklin Index; Raw Data. 2011–2020. www.politicalaccountability.net/cpa-zicklin-index/past-cpa-zicklin-index-reports/. Accessed February 12.Google Scholar
Delmas, M., Jinghui, L., & Nairn-Birch, N. (2016). Corporate Environmental Performance and Lobbying. Academy of Management Discoveries, 2(2), 175–97.CrossRefGoogle Scholar
Delmas, M., & Lyon, T. (2018). When Corporations Take Credit for Green Deeds Their Lobbying May Tell Another Story. The Conversation, July 17. https://theconversation.com/when-corporations-take-credit-for-green-deeds-their-lobbying-may-tell-another-story-98988.Google Scholar
Drutman, L. (2015). How Corporate Lobbyists Conquered American Democracy. The Atlantic, April 20.Google Scholar
Drutman, L., & Mahoney, C. (2017). On the Advantages of a Well-Constructed Lobbying System: Toward a More Democratic, Modern Lobbying Process. Interest Groups & Advocacy, 6(3), 290–310.Google Scholar
Espinosa, M. (2021). Labor Boundaries and Skills: The Case of Lobbyists. Management Science, 67(3), 1586–1607.Google Scholar
Freed, B., Laufer, W., & Sandstrom, K. (2023). Targeting Private Sector Influence in Politics: Corporate Accountability as a Risk and Governance Problem. In Lyon, T., ed., Corporate Political Responsibility. Cambridge: Cambridge University Press.Google Scholar
Hodgson, S., & Witte, D. (2020). Responsible Lobbying: An Evaluation Framework. Carnstone Partners, Ltd.Google Scholar
Katz, A. (2015). The Influence Machine: The US Chamber of Commerce and the Corporate Capture of American Life. New York, NY: Random House.Google Scholar
Ketu, Y., & Rothstein, S. (2023). Measuring Climate Policy Alignment: A Study of the S&P 100. In Lyon, T., ed., Corporate Political Responsibility. Cambridge, UK: Cambridge University Press.Google Scholar
Minefee, I., McDonnell, MH., & Werner, T. (2021). Reexamining Investor Reaction to Covert Corporate Political Activity: A Replication and Extension of Werner (2017). Strategic Management Journal, 42(6), 1139–58.CrossRefGoogle Scholar
Senate Office of Public Records. (2020). Lobbying Disclosure Act Databases. 1998–2020. www.senate.gov/legislative/Public_Disclosure/LDA_reports.htm.Google Scholar
Thomas, H., & LaPira, T. (2017). How Many Lobbyists Are in Washington? Shadow Lobbying and the Gray Market for Policy Advocacy. Interest Groups & Advocacy, 6(3), 199–214.CrossRefGoogle Scholar
Vigeo, Eiris. ESG Super Premium_Historic_2019_09_EUR_NAM_2011.xlsx.Google Scholar
Vigeo, Eiris. The Equitics© Methodology. Guide to the Domains and Criteria of the Equitics Generic Model.Google Scholar
Walker, E. (2023). What Drives Firms to Disclose Their Political Activity. In Lyon, T., ed., Corporate Political Responsibility. Cambridge: Cambridge University Press.Google Scholar
Werner, T. (2017). Investor Reaction to Covert Corporate Political Activity. Strategic Management Journal, 38(12), 2424–43.Google Scholar
Werner, T. (2023). Promise and Peril: Lessons from Shareholder Reactions to Corporate Political Activity Disclosure. In Lyon, T., ed., Corporate Political Responsibility. Cambridge: Cambridge University Press.Google Scholar
World Economic Forum. (2020). Measuring Stakeholder Capitalism: Towards Common Metrics and Consistent Reporting of Sustainable Value Creation.Google Scholar