The rise of business politicians

Over the past two decades, the share of senior corporate executives holding national political office has increased in the United States as well as some other countries. Some are beginning to question the future implications on policy, including Associate Professor of Finance Ilona Babenka.

Over the last two decades, the share of senior corporate executives holding national political office has increased in the United States as well as some other countries. Some are beginning to question the future implications on policy, including Associate Professor of Finance Ilona Babenka.

In this story published Sept. 2, 2021, on Promarket:

While we cannot establish a causal link between campaign finance and the rise of executives in politics, there are several pieces of evidence suggesting that business politicians have a fundraising advantage over their opponents.

– Ilona Babenka, associate professor of finance