Social and Behavioral Sciences Commons^™

Corporate Lobbying And Esg Reports: Patterns Among Us Companies, 1999–2017, Huchen Liu, Sijing Wei, Jiarui Zhang

Political Science Faculty Publications

To lobby legislators, it is important for interest groups to signal their ability to help legislators win elections and provide them with policy-relevant information. We explore for-profit companies’ use of environmental, social, and governance (ESG) reports as a signaling device to promote their reputation to legislators and convey their ability to provide electoral and policymaking support, which is valuable for lobbying. To this end, we create a panel dataset by combining ESG reports issued by US companies and the same companies’ lobbying and campaign contribution records from 1999 to 2017. We expect companies to issue more ESG reports, as well …