By SIMON CONSTABLE
Can a company’s efforts in lobbying pay off on Wall Street? It sounds too easy of an idea, but there may be some basis in fact. In 2014, a team of researchers from Vanderbilt, Wake Forest and the University of Zurich drew a correlation between the amount of money spent on lobbying and market performance, outperforming their peers by 5.5 percent over a three-year period. Using data provided by OpenSecrets.com, here are the 10 publicly traded companies spending the most on lobbying in 2017. Read more here.
Can a company’s efforts in lobbying pay off on Wall Street? It sounds too easy of an idea, but there may be some basis in fact. In 2014, a team of researchers from Vanderbilt, Wake Forest and the University of Zurich drew a correlation between the amount of money spent on lobbying and market performance, outperforming their peers by 5.5 percent over a three-year period. Using data provided by OpenSecrets.com, here are the 10 publicly traded companies spending the most on lobbying in 2017. Read more here.
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