13:10 - 14:50
Parallel sessions 3
+
13:10 - 14:50
P3-S54
Room: -1.A.01
Chair/s:
Francesc Amat
Discussant/s:
Paolo Agnolin, Luis Cornago Cornago Bonal
When Do Firms Speak Up? The Role of Empowered Knowledge Workers
P3-S54-2
Presented by: Luis Cornago Bonal
Luis Cornago Bonal
University of Oxford
Large companies in the United States are increasingly vocal about progressive causes, such as gender and racial equality and climate change, but they are often politically cross-pressured. This article proposes a novel theory to explain when and why firms engage in corporate political speech on these issues, focusing on an economically influential segment of the workforce: knowledge economy winners. I argue that firms with homogeneously progressive workforces are more likely to take public stances on progressive causes, particularly during periods of labor market tightness. I test this hypothesis using a difference-in-differences design and linking Twitter data from S&P 500 companies with employee donation records from the Federal Election Commission (FEC) and firm-level data on employees and consumers from SafeGraph and People Data Labs. This pattern, however, is moderated by consumer ideology and their geographical distribution. These findings highlight how a politically realigned group of employees in advanced economies can reshape the public discourse of traditionally conservative, market-driven institutions.
Keywords: knowledge economy, employees, speech, progressive

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