Title: The relationships between Canadian firms' lobbying activities and their market and accounting performance

Authors: Saidatou Dicko

Addresses: Groupe de Recherche sur la Gouvernance et la Relation Entreprise-Politique (GREP), Accounting Department, School of Management (ESG), Université du Québec à Montréal (UQAM), Canada

Abstract: The main objectives are to highlight the nature and scope of lobbying activities carried out by Canadian firms, and analyse the link between these activities and firm market and accounting performance indicators. Data on companies listed on the S&P/TSX index were analysed, covering the period from 2009 to 2018, inclusive. The main findings show that 26.6% of the firms under study have engaged in lobbying, with this proportion consisting, on average, of larger firms. The two industries at the forefront of these activities were mining, oil and gas, and manufacturing. Most of the lobbying activities under study focused on economic and multiple issues. While bivariate analyses (ANOVA and correlations) show that these activities in their scope and nature are significantly related to market and accounting performance indicators, multivariate GLM analyses demonstrate that only the variable 'number of salaried lobbyists' is positively and significantly linked to accounting and market performance indicators.

Keywords: lobbying activities; economic lobbying; environmental lobbying; social lobbying; multi-issue lobbying; firms; market and accounting performance.

DOI: 10.1504/IJEBR.2023.131159

International Journal of Economics and Business Research, 2023 Vol.25 No.4, pp.456 - 488

Received: 06 Nov 2020
Accepted: 08 Jun 2021
Published online: 01 Jun 2023 *

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