企业捐款与政治修辞：来自一项全国性禁令的证据
Firm Donations and Political Rhetoric: Evidence from a National Ban
American Economic Journal: Economic Policy · 2024 · [{"name": "Julia Cagé", "affiliation": ["Institut d'Etudes Politiques de Paris"]}, {"name": "Caroline Le Pennec", "affiliation": ["HEC Montréal"]}, {"name": "Elisa Mougin", "affiliation": ["École Normale Supérieure de Lyon", "Center for Economic Research on Governance, Inequality and Conflict"]}]
中文摘要
我们研究法国1995年禁止企业向政治人物捐款的禁令。本文采用双重差分方法，并使用一个新颖的数据集，将法国议会选举候选人发布的竞选纲领与其竞选捐款数据相结合。我们发现，禁止企业捐款降低了候选人在竞选期间宣传其地方存在以及经济议题的意愿。该禁令还导致非主流政党的候选人使用更极端的语言。这表明，私人捐赠者会塑造政治人物关注的议题，竞选融资改革可能通过对候选人修辞的影响，进而改变提供给选民的信息。（JEL D22, D72, D83, K16）
Abstract
We study France’s 1995 ban on firm donations to politicians. We use a difference-in-differences approach and a novel dataset combining the campaign manifestos issued by candidates running in French parliamentary elections with data on their campaign contributions. We show that banning firm donations discourages candidates from advertising their local presence during the campaign, as well as economic issues. The ban also leads candidates from nonmainstream parties to use more extreme language. This suggests that private donors shape politicians’ topics of interest, and that campaign finance reforms may affect the information made available to voters through their impact on candidates’ rhetoric. (JEL D22, D72, D83, K16)