Coen, David; (2024) Business Lobbying and Public Policy. In: Coen, David and Katsaitis, Alexander, (eds.) Handbook on Lobbying and Public Policy. (pp. 244-258). Edward Elgar: UK.

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Abstract

This chapter examines business lobbying and its role in policymaking. It begins with a discussion on what is meant by “business” in the field. The chapter then proceeds to assess the motivation behind business engagement with policymakers, the factors impacting its evolution over time, and the key characteristics it holds. It then discusses the trajectory of corporate political activity (CPA), considering its fast-paced evolution. The rise of populism, political and social activism, and continuous exogenous shocks have actively drawn the firm into politics. Policies such as environmental and social governance (ESG) are examples of government bringing politics to business, rather than the traditional opposite route that saw business engage with politics. At the same time, in uncertain political environments, corporate political offices provide a useful tool that can provide certainty. The chapter discusses its impact, and how and when business conducts its lobbying. Theoretically, we draw from political science, public policy, and business and managements studies to theorize the firm's activity.

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