Time is money: Temporal Effects of Corporate Political Strategies

In this paper, I propose that time is a performance variable of corporate political strategies - CPS. The rationale behind this proposition is that, by engaging with the political arena through campaign donations as a form of political connection, firms obtain, among other effects, greater speed in the responses of processes involving governmental decisions. Celerity is a consequence of political alignment between business and government. Based on a database that includes all the decisions of antidumping measures requested by the Brazilian companies between 2001 and 2017, two hypotheses tested the effects of the CPS in the time of decision of such measures. For the tests, multivariate linear regression with robust coefficients and discontinuity design treatment of the variables were used. The results show that political connections increase the speed of decisions on antidumping measures. The results also suggest that the greater the firms' political capabilities, the shorter the waiting time for the final...