Foreign‐owned Firms' Campaign Contributions in the United States: An Exploratory Study

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Abstract
This study extends previous empirical work on corporate political activity by examining which foreign‐owned firms provide campaign contributions to United States legislators. While numerous studies have examined which domestic firms make campaign contributions, little is known about the propensity of foreign‐owned firms to make contributions. Using logit and Tobit analyses, the findings suggest that firm size, legislative issues, foreign ownership, and cultural characteristics are important determinants of a foreign‐owned firm's political strategy. The findings also suggest that there are strong parallels between the political strategies of foreign‐owned firms and domestic firms.