An Anatomy of Firms’ Political Speech

We thank Stephanie Houle, Andrei Levchenko, Matthew Shapiro, and Thomas Winberry for helpful comments. We thank Athiwat Thoopthong, Stella Xu, Frankie Andrews, Christina Blessing, Taylor Fredman, Olivia Goff, Braden Krajcirovic, Claudia Lujan Trujillo, Peter Micciche, Jenna Nagie, Aidan Owens, Angelina Parker, Nicolas Recio, Christopher Roebuck, and Joanna Zhang for excellent research assistance. The views expressed herein are those of the authors and not necessarily those of the Bank of Canada. The data for this paper were accessed between July 2022 and January 2023 through CIQ (2022), SEC (2022), and Twitter (2022). The views expressed herein are those of the authors and not necessarily those of the Bank of Canada or the National Bureau of Economic Research.