The Political Polarization of Corporate America

Vyacheslav Fos, Elisabeth Kempf and Margarita Tsoutsoura

No 17402, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: U.S. executives are increasingly segregating by political party. Using voter registration records for top executives of S&P 1500 firms between 2008 and 2022, we document that while the executive pool shifted toward Democrats, partisan segregation across firms increased sharply. Intensifying segregation offsets 74% of the decline in team-level homogeneity implied by changing party composition. Turnover is the driving force: politically misaligned executives are more likely to depart, and executives who join top teams increasingly match the team's partisan majority. The trend accelerates after the 2016 presidential election, marking an inflection point in the political polarization of corporate America.

Date: 2022-06
References: Add references at CitEc
Citations:

Downloads: (external link)
https://cepr.org/publications/DP17402 (application/pdf)

Related works:
Working Paper: The Political Polarization of Corporate America (2022)
Working Paper: The Political Polarization of Corporate America (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:17402

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP17402

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().