Pat Akey

Pat Akey is an Associate Professor at the University of Toronto, Visiting Professor at INSEAD and member of the European Corporate Governance Institute. He completed his PhD in Finance in 2014 from the London Business School. His research focuses on the political economy of finance and the incentives of firms to engage in pro-social behavior. He has presented his research at numerous major academic and practitioner conferences and published in the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. He was awarded the 2016 Rising Scholar Award for the best paper by a young researcher published in the Review of Financial Studies and one of the 2021 Brattle Prize Distinguished Paper Awards for one of the best papers in Corporate Finance published in the Journal of Finance. Major media outlets such as The Economist, Bloomberg, and National Public Radio have cited his work.

Increased Campaign Spending Grows the Economic Pie Instead of Splitting It Up

The United States has relaxed campaign finance laws over the past few decades. As a result, there exist concerns about politicians favoring special business interests over the welfare of other constituents, such as workers. In a new paper, Pat Akey, Tania Babina, Greg Buchak, and Ana-Maria Tenekedjieva examine how the 2010 U.S. Supreme Court decision in Citizens United v. Federal Election Commission affected earnings for firms and workers, as well as political turnover and polarization at the state level.

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