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UID:20251120T232843EST-7495UCtwtm@132.216.98.100
DTSTAMP:20251121T042843Z
DESCRIPTION:Michelle Lowry\n\nDrexel University \n\nCorporate Lobbying of B
 ureaucrats\n\nDate: Friday\, November 22\, 2024\n	Time: 10:30-11:45 am\n	Loc
 ation: Bronfman Bldg. (1001 Sherbrooke St. West)\, Room 340\n\nAll are cor
 dially invited to attend.\n\nAbstract:\n\nWe find that 80% of companies th
 at lobby Congress also lobby executive agencies. Although executive agenci
 es are not beholden to companies for campaign contributions\, the agencies
  are nevertheless influenced by lobbying: companies’ lobbying leads to mor
 e favorable rules\, more special exemptions\, more government contracts\, 
 and more favorable decisions on enforcement actions. Agencies’ bestowment 
 of favors appears to be motivated by opportunities within the private sect
 or: lobbying is significantly greater among agencies that have stronger re
 volving door relations with the private sector. Following a negative exoge
 nous shock to agency power\, the Supreme Court’s Chevron decision\, firms 
 engaged in agency lobbying experienced negative abnormal returns\, undersc
 oring the strategic value of lobbying agencies.\n
DTSTART:20241122T153000Z
DTEND:20241122T164500Z
LOCATION:Room 340\, Bronfman Building\, CA\, QC\, Montreal\, H3A 1G5\, 1001
  rue Sherbrooke Ouest
SUMMARY:Desmarais Global Finance Research Centre (DGFRC) Seminar: Michelle 
 Lowry
URL:/desautels/channels/event/desmarais-global-finance
 -research-centre-dgfrc-seminar-michelle-lowry-361238
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