[EL] The Claim that Political Spending is Good for Shareholders”

[Smith, Brad]

Surely "reform" advocates do not want to argue that political spending is not good for corporations. That would overturn more than 100 years of their own advocacy efforts.

But it is an interesting approach. Before, it would be a mistake not to regulate spending because spending allows people to gain influence in the political system. Now, it's a mistake not to regulate spending because spending doesn't give people any influence in the political system.

Allen Dickerson and I have recently put a paper on SSRN than addresses many of the Bebchuck/Jackson arguments. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2239987



Bradley A. Smith

Josiah H. Blackmore II/Shirley M. Nault

   Professor of Law

Capital University Law School

303 E. Broad St.

Columbus, OH 43215

614.236.6317

http://law.capital.edu/faculty/bios/bsmith.aspx

________________________________
From: law-election-bounces at department-lists.uci.edu [law-election-bounces at department-lists.uci.edu] on behalf of Rick Hasen [rhasen at law.uci.edu]
Sent: Tuesday, April 16, 2013 10:28 AM
To: law-election at uci.edu
Subject: [EL] ELB News and Commentary 4/16/13
“Responding to Objections to Shining Light on Corporate Political Spending (3): The Claim that Political Spending is Good for Shareholders”<http://electionlawblog.org/?p=49316>
Posted on April 15, 2013 7:55 am<http://electionlawblog.org/?p=49316> by Rick Hasen<http://electionlawblog.org/?author=3>

Bebchuk and Jackson<http://blogs.law.harvard.edu/corpgov/2013/04/15/responding-to-objections-to-shining-light-on-corporate-political-spending-3-the-claim-that-political-spending-is-good-for-shareholders/>.

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