CEO Political Ideology, Shareholder Primacy and Dividend Policy

When two tribes go to work: Board political diversity and firm performance

“…Noting, that individual donations are commonplace and that there is substantial political heterogeneity within and across firms. Bayat (2017) shows that conservative CEOs are associated with larger dividends, other things equal. Chin et al (2013) show that liberal CEOs are more likely to pursue corporate social responsibility initiatives.…”