Should companies speak out on political issues? When does taking a stand become a business risk?
University of Rochester political scientist and professor of business administration David Primo studies the tension between corporate strategy, free expression, and consumer backlash. His insights have become indispensable for journalists covering the CEOs, sports owners, and brands that increasingly find themselves at the center of public controversies.
Primo was recently quoted in The Boston Globe about the fallout from New England Patriots owner Robert Kraft’s intervention in Ed Sheeran’s stadium tour after rapper Macklemore was dropped as an opening act. While Kraft had the legal right to regulate speech on private property, Primo argued, the larger business question is whether companies benefit from policing the political views of performers, employees, or partners.
“You’re not going to be a successful arena owner if you start checking people’s politics before you book them,” Primo told The Globe. His expertise extends beyond concerts and stadiums. Primo researches corporate political activity, regulation, governance, and the strategic decisions organizations make when navigating contentious public issues. He has been a source in news stories about boycotts involving big brands like Harley-Davidson and Target.
Primo can discuss:
Brand activism and corporate political speech
When companies should — or shouldn’t — take public positions
Consumer backlash and reputational risk
CEO activism and its business consequences
Corporate governance and political decision-making
The intersection of free expression and private businesses
As debates over corporate values, sponsorships, employee activism, and executive leadership continue to shape headlines, Primo offers evidence-based insight into how businesses weigh the costs — and potential benefits — of entering the political arena.
Connect with him by clicking on his profile.
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2 min
The U.S. national debt exceeding the size of the American economy is a dubious milestone that has sparked alarm and confusion among policymakers who are asking how worried they should be and what can be done to stop the bleeding.
David Primo, a political scientist and professor of business administration at the University of Rochester and a fiscal policy expert who has testified before Congress on the national debt, says Americans should be very concerned about the debt and, at the same time, know there is a solution.
“The federal budget outlook is grim and threatens the economic future of the United States,” says Primo, the author of Rules and Restraint: Government Spending and the Design of Institution (University of Chicago Press). “If Congress waits to act, Americans will need to give up a bigger piece of the nation’s economic pie to stabilize the country’s finances.”
Primo says a solution lies in a constitutional amendment restraining the federal budget. Specifically, such an amendment would clearly define spending and revenue, set spending limits based on a multiyear period, and allow for waiving the limit only with a large supermajority in Congress.
“As it stands, Congress is constitutionally incapable of tying its own hands, making it difficult for legislators to implement durable changes to the federal budget,” Primo says.
Recent data show the national debt has crossed 100% of the GDP threshold — roughly $31.27 trillion versus $31.22 trillion in economic output — marking the highest peacetime level in U.S. history. The Congressional Budget Office has projected that debt levels, if left unchecked, could reach 181% of GDP in the next 30 years.
Primo says delaying implementing a solution raises the risk of increased interest rates, which would, in turn, reduce investment and, ultimately, economic growth.
For journalists covering deficits, tax policy, and the long-term economic outlook, Primo offers key expertise and a clear lens on:
The implications of national debt exceeding GDP
Constitutional and institutional approaches to fiscal reform
Fiscal policy and political incentives
“The United States is in precarious fiscal health,” Primo told Congress in 2023. “In the absence of a constitutional amendment, I fear it will take a fiscal crisis before Congress acts. Nobody wants that.”
Connect with Primo by clicking on his profile.
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1 min
The on-again-off-again nationwide boycott of Target has the retailer’s new chief executive, Michael Fiddelke, officer facing relentless pressure from activists on both sides of the issue.
David Primo, a professor of political science and business administration at the University of Rochester, says Fiddelke can’t seem to move Target from the crosshairs despite slashing prices on thousands of products and investing in stores, workers, and technology.
“Target remains a battleground for activists on the left and the right, and its new CEO hasn’t yet figured out how to extricate the company from this role,” Primo recently told USA Today. “Fiddelke already faces a huge challenge in turning around a company with significant operational issues. This certainly doesn’t help matters.”
Target has reported 13 straight quarters of sluggish sales. Company officials have admitted that shopper anger has contributed.
Activists in Minneapolis, where Target is based, organized a nationwide boycott last year over the company’s rollback of diversity, equity, and inclusion policies. From church pulpits to community gatherings, the policy about-face was widely viewed as a betrayal of Black Americans who had propped up the retail giant’s bottom line.
Primo studies corporate political strategies, among other areas, and regularly shares his insights with business journalists and political reporters. His essays have appeared in The New York Times and The Wall Street Journal, and he’s been interviewed by many radio and television outlets, including Bloomberg and National Public Radio.
Contact him by clicking on his profile.
David M. Primo is the Ani and Mark Gabrellian Professor and a professor of political science and business administration at the University of Rochester.
He is the author of three books, including the award-winning Rules and Restraint: Government Spending and the Design of Institutions, and numerous journal articles. His most recent book is Campaign Finance and American Democracy: What the Public Really Thinks and Why It Matters, co-authored with Jeff Milyo. His research has been supported by several organizations, including the National Science Foundation.
Primo has published op-eds in national news outlets including the Wall Street Journal, New York Times, USA Today, and Los Angeles Times, and he’s been interviewed on radio and television stations including National Public Radio, Bloomberg, and Sirius XM. He has testified before Congress multiple times on the subject of constitutional budget rules and budget process reform, and his campaign finance research was cited in 2011 by Chief Justice John Roberts in a US Supreme Court decision regarding the public funding of elections.
In 2014, Primo created the Politics and Markets Project, which fosters education, research, and debate about the appropriate relationship between business and government in the 21st century. The panel events Primo moderates as part of PMP programming bring together experts from across the political spectrum to debate controversial issues in a civil fashion.
Primo teaches courses in American politics, corporate political strategy, and innovation and global business. He joined the Rochester faculty in 2002 after receiving his PhD in Political Science from Stanford University, where he also received an MA in Economics.
Education
Brown University
B.A.
Economics and Honors Political Science
1998
Brown University
M.A.
Political Science
1998
Stanford University
M.A.
Economics
2001
Stanford University
Ph.D.
Political Science
2002
Affiliations
Center for Competitive Politics : Board of Academic Advisors
American Politics Research : Editorial Board
The Mercatus Center at George Mason University : Mercatus Affiliated Scholar
Selected Media Appearances
Will Robert Kraft’s intervention in Ed Sheeran’s tour affect Gillette’s ability to book big acts?
The Boston Globe online
2026-09-24
Most concert promoters and venue owners, even a corporate behemoth like Live Nation, would not dare do what Kraft did, nor should they, said David Primo, a political science professor at the University of Rochester who studies brand activism.
“Under the First Amendment, Kraft certainly can do whatever he wants on private property with regard to regulating speech,” Primo said. “But the bigger question is whether he ought to be policing the speech of artists at his venue.
“You’re not going to be a successful arena owner if you start checking people’s politics before you book them,” Primo said.
In other words, if the folks at TD Garden have an inkling that Albarn, of Gorillaz, intends to raise a Palestinian flag on stage when his band plays in Boston next week, they should let him. (In response to an email, a TD Garden spokesperson said: “We decline comment.”)
Harley-Davidson anti-DEI campaign revs up over new 'woke' allegations
USA Today print
2026-06-03
New attacks on Harley-Davidson show the potential pitfalls major brands risk when they try to appease everyone in a highly polarized political climate, said David Primo, professor of political science and business administration at the University of Rochester in New York.
“These new attacks are further evidence that firms that try to placate activists on the left or the right without having a clear vision for their brand are doomed to become perennial targets,” Primo said. “We saw it with Target from the left, and now we’re seeing it with Harley-Davidson from the right.”
The decision to target Harley-Davidson now is not coincidental, according to Primo. Like Target, it has a new CEO and is in the midst of a turnaround effort.
“Just as with Target and its attempt to retool, this is a distraction the new CEO doesn’t need,” he said.
Seven companies being boycotted over Trump policies
US News & World Report print
2026-05-04
“Boycotts are an attempt to influence a company’s behavior by threatening its sales and reputation,” says David Primo, the Ani and Mark Gabrellian Professor and a professor of political science and business administration. When successful, they can create a short-term hit to the company’s stock price. “Most boycotts, though, fizzle out, so part of the challenge for investors is figuring out which ones have legs.”
The AI industry is all in for the 2026 midterms with government regulations looming
ABC News online
2026-04-01
Interest groups funded in part by AI industry leaders are split on how the government should oversee AI, and that’s already having an impact on political ads. “It’s sort of an open question as to what regulation is going to look like,” says David Primo, the Ani and Mark Gabrellian Professor and a professor of political science and business administration. “The stakes are really high because once a regulatory system gets entrenched, it’s really hard to change it.”
A pastor called off a Target boycott. Then the backlash began
USA Today print
2026-03-19
“Target remains a battleground for activists on the left and the right and its new CEO hasn’t yet figured out how to extricate the company from this role,” Primo said. “Fiddelke already faces a huge challenge in turning around a company with significant operational issues. This certainly doesn’t help matters.”
These major issues have brought together Democrats and Republicans in states
National Public Radio radio
2026-02-26
Unlike the deep partisan divides grinding Congress to a halt, Democrats and Republicans at the state level are coming together on some of the most significant issues of the 2026 legislative season.
Legislators in most states want to regulate artificial intelligence and curb the sprawling, electricity-hungry data centers that make AI possible in the first place.
Big tech has "scrambled the typical ideological alignments of the left and the right," says David Primo, a professor of political science and business administration at the University of Rochester in New York. "Conservatives and liberals are saying, 'Well, here's an opportunity for us to stop what we think is a problem.'"
Costco stayed out of politics. Then it sued Donald Trump.
USA Today print
2025-12-10
When Costco stood by its diversity policies, some in its famously loyal membership base groused, but Costco suffered no discernible political consequences. Costco members are unlikely to change their minds now, after it sued the Trump administration to ensure its eligibility for a full refund if the Supreme Court strikes down tariffs, says David Primo, the Ani and Mark Gabrellian Professor and a professor of political science and business administration. “Republican voters still largely support President Trump’s tariffs, and Gina Raimondo (recently nominated to Costco’s board of directors) is a Biden appointee. So on its face, these would seem to be risky moves. But it’s important to remember that Costco is different from brands like Target or Bud Light that have been caught in conservative crosshairs. Its consumer base is fiercely loyal, in part because there are fewer substitutes for its mix of offerings. Boycotting Target is easy. Boycotting Costco would require a lifestyle adjustment for many.”
How America's CEOs lost their voice — and found Trump's
Quartz online
2025-10-10
“Trump does everything so publicly, and he does it in a way that is so transactional that it raises concerns about whether this is appropriate for the president of the United States,” said David Primo, a political economist and professor at the University of Rochester who studies corporate strategy.
Presidents have long tried to shape the economy. Franklin Delano Roosevelt folded industry captains into alphabet agencies and treated CEOs as instruments of national strategy. Ronald Reagan turned CEOs into recurring characters in a growth story and showed, in firing striking air traffic controllers, how presidential muscle could set the tone for business. Barack Obama, facing a collapsing auto sector, paired a government rescue with demands — new boards, tougher fuel economy standards — while auto chiefs stood behind him at the lectern. And just about every president has wielded merger review as leverage.
But what’s different now, Primo said, is how Trump is approaching the business sector. The Trump administration doesn’t just want policy wins. It wants visible affirmation — the ceremony, the quote, the big check that becomes a talking point.
Trump spoke for the 'go woke, go broke' crowd. Did Cracker Barrel listen?
USA Today
2025-08-27
David Primo, professor of political science and business administration at the University of Rochester in New York, said the logo controversy was “a perfect storm for Cracker Barrel.”
The chain’s loyalists were already riled up over a dramatic makeover of the menu and the country feel of the restaurants to appeal to more diners.
“They were in the middle of a rebrand that was floundering, making them a ripe target for a piling on from conservative activists concerned about the brand’s past support for social causes,” Primo said.
Trump’s Truth Social post was “the nail in the coffin for the logo redesign,” he said.
Consumers are boycotting major retailers. Here's what they plan for 'blackout' on Feb. 28
USA Today print
2025-02-13
Target and other companies find themselves under attack from the other side, facing calls for boycotts from DEI supporters angry over the rollbacks.
That's an increasingly common dilemma for corporations and one of their own making, said David Primo, professor of political science and business administration at the University of Rochester in New York, who blames years of "haphazard policymaking" by companies on contentious issues like DEI.
“Companies need to figure out what they will take positions on, what they won’t take positions on, and then stand firm," Primo said. "Holding your finger to the political winds is not an effective way to run a company in a polarized world.”
Philadelphia DA Sues Elon Musk Over Voter Sweepstakes: 'Illegal Lottery'
Newsweek print
2024-10-31
An expert has told Newsweek that Musk's offer seems to be in a "gray area." The original offer for voters to receive $47 is based on referring people so there are "multiple layers of complexity here," according to David Primo, political science and business administration professor at the University of Rochester.
"It could be viewed as implicitly encouraging individuals to convince others to register and sign the petition in order to collect the referral fee," Primo told Newsweek. "For both state and federal laws, I think this is a gray area and could easily be something decided by the courts."
“The challenge Boeing faces is how do they rebuild safety, rebuild the relationship with the FAA, but keep the business going? And that’s a very tough balancing act,” said David Primo, a professor at the University of Rochester and author of a book on aviation regulation. The Alaska Airlines door panel has raised major concerns about production line quality controls.
“The FAA now is going to put Boeing on a very short leash,” said Primo. “They’re going to give them much less in the way of the benefit of the doubt when it comes to the design of planes, which could constrain the ability of the manufacturer to move quickly. So it’s going to mean that planes might take a little longer to get out of the production line and into the hands of airlines.”
After Trump assassination attempt, CEOs speak out but stay mum on election
USA Today print
2024-07-15
“Most CEOs are still going to tread carefully on contentious non-business issues during the campaign,” said David Primo, a professor of political science and business administration at the University of Rochester in New York. “Their responses to the assassination attempt are the exception that proves the rule because it was a shocking act that drew near-unanimous bipartisan outrage.”
How Donald Trump became the crypto candidate in the 2024 election
Fast Company print
2024-06-13
“There’s a natural synergy between Trump’s populist message, and the mission of crypto, of democratizing and protecting people in the finance realm,” says David Primo, a political science professor at the University of Rochester.
Google's Gaza conflict: Why more bosses are cracking down on Israel-Hamas war protesters
USA Today print
2024-04-26
With tensions over the war in Gaza spilling into workplaces and onto college campuses across America, employers are increasingly steering clear of divisive issues – and they expect their employees to do the same.
“The Israel-Hamas war is dividing employees in ways that I don’t think the debate over police brutality, for instance, ever did,” said David Primo, a professor of political science and business administration at the University of Rochester in New York.
Ask an Expert: The importance of civil discourse on college campuses
KCBS Radio radio
2024-04-23
Today on Ask an Expert, The Israel-Hamas war has led to the eruption of several protests and free speech clashes on college campuses around the country..
And while campuses have a long history of being the backdrop for discourse and differing opinion, debate has been cropping up about when and in what context it's appropriate.
To answer those questions and more, KCBS Radio News anchor Matt Bigler spoke with David Primo, Political Science professor at the University of Rochester, he's an expert on free speech on college campuses and teaches the course Disagreement in a Democratic Society.
The Boeing Nosedive A once-venerable company turned its soul over to shareholders and courted disaster
New York Magazine print
2024-04-02
“What gives Boeing a shot at redemption is that they don’t face a lot of competition, which gives them some breathing room to improve,” says David Primo, a professor of business administration at the University of Rochester.
Indeed, for all its troubles, the 737 Max order book is sold out for years to come. But that shouldn’t be grounds for complacency. “If at some point consumers lose faith in them to the point where airline bookings decline markedly,” Primo says, “then they are toast.”
Facing Another Boeing Crisis, the F.A.A. Takes a Harder Line
New York Times print
2024-02-05
But the F.A.A. does not have unlimited resources. Taking responsibility for safety tasks currently handled by Boeing employees could come at a significant cost to the agency, which already struggles to persuade Congress to give it the funding it needs.
“The implication is that regulators can wave a magic wand and solve the issues,” said David M. Primo, a professor at the University of Rochester who has studied airline crashes and their effects on policy. “I’m not sure that’s realistic in this case.”
Sen. Ted Cruz steps up attacks on ‘woke’ corporations in latest book
Dallas Morning News print
2023-11-11
David Primo, professor of political science and business administration at the University of Rochester, said Cruz correctly observes those on the left have stepped up pressure on companies to address social issues.
Companies were accustomed to pressure about their own specific practices — think environmental groups targeting a big oil company over spills — but less so issues such as voting access or LGBTQ rights that were unrelated to their core business, Primo said.
From Hamptons fundraisers to soccer ticket raffles, GOP presidential candidates chase cash
Newsday print
2023-08-01
David Primo, a professor of political science and business administration at the University of Rochester, told Newsday, “the tactics we are seeing in the 2024 presidential primaries reflect the trend of small donor support being viewed as a marker of grassroots support.”
Primo argued “gimmicks like giving away a $20 gift card in exchange for a $1 donation, as Burgum has done, create ‘AstroTurf donations’ rather than reflect genuine grassroots support, but if it qualifies him for the debate, it gives him a stage on which he can get his message out.”
False claim Trump increased debt more than any president | Fact check
USA Today print
2023-05-30
A May 17 Facebook post shows a black and white image of several members of Congress gathered together. "Trump increased that debt far more than any president in history," the post says in part.
But contrary to the post’s claim, the total federal debt increased more under former President Barack Obama than it did under the Trump administration, according to David Primo, a political science and business administration professor at the University of Rochester.
FACT FOCUS: Who's to blame for the national debt? It's more complicated than one culprit
AP print
2023-05-18
The debt accumulated under specific presidents isn’t just a result of their own policies — it reflects decisions made by their predecessors as well as by members of Congress.
“The point is that fiscal policy reflects joint action by Congress and the president,” said David Primo, a University of Rochester professor of political science and business administration. Statements like Jeffries’ imply presidents have sole control over fiscal policy, he noted.
US Presidential Hopefuls Rally Against a Digital Dollar Ahead of 2024 Elections
Bloomberg online
2023-04-27
David Primo, a political science professor at the University of Rochester, said that while politicians like DeSantis and Kennedy Jr. are “very different people,” they share a “populist approach to politics.”
“They very much view the government with suspicion and as a result it is natural for them to point to this new untested idea of a CBDC and use that as a way to galvanize their base,” Primo said.
David Primo, a professor of political science and business administration at the University of Rochester who teaches about civil discourse, said it’s easy to understand why students might be more reticent to share their opinions now than in the past.
First, he noted, universities now have processes for reporting other students’ speech; Stanford’s anonymous bias incident report system, for one, has been criticized for impeding free expression.
Santos campaign treasurer also worked for Zeldin, other Republicans
Newsday print
2023-01-09
David M. Primo, political science professor at the University of Rochester and co-author of “Campaign Finance and American Democracy,” said he didn't find anything "particularly unusual" about Campaign Unlimited working for numerous groups because campaign finance compliance is complex.
"Campaigns need to hire outside firms to help manage campaign finance and other campaign management tasks," he said, "and these firms often become identified as Republican or Democratic based on their client base. They may also have a regional focus.”
'Woke mind virus'? 'Corporate wokeness'? Why red America has declared war on corporate America
USA Today print
2023-01-04
Corporations have emerged as an important force in American life, says David Primo, a professor of political science and business administration at the University of Rochester
“They are doing this because they believe the corporate voice matters,” Primo said. “If they didn’t think the corporate voice mattered, nobody would be pressuring corporations.”
How Southwest’s holiday meltdown could cause long-term damage to airline’s reputation
Houston Chronicle print
2022-12-29
Said David M. Primo, a professor of political science and business administration at the University of Rochester: “The thing about reputation is that it takes years to build up, but it can disappear in an instant.
FTX Bankruptcy Means $73 Million in Political Donations at Risk of Being Clawed Back
Bloomberg online
2022-12-12
“Nobody ends up looking great in this,” said David Primo, a political science professor at the University of Rochester. “FTX was so broad-based in their giving.”
Airlines and airports need each other — and also hate each other
Marketplace radio
2022-12-06
“The airports lost a significant amount of money during the pandemic. Of course airlines were also badly hit,” said David Primo, a professor at the University of Rochester. “The difference now is that airlines have recovered, but the airports are still, in their mind, trying to make up for lost time.”
Campaign donations, spending in NY governor's race highest in 20 years
Newsday print
2022-11-27
"Spending in the 2022 gubernatorial race reflected the fact that Republicans had their first real chance at the governorship in two decades," said David Primo, a professor of political science and business administration at the University of Rochester who has written extensively on campaign financing. "This spending reflected a robust, competitive election with two candidates offering competing visions for the state and vying for the votes of New Yorkers. Isn’t this what we should want in a democracy?"
GOP wins house majority, sends a message to 'woke' businesses: get out of politics
USA Today print
2022-11-16
Increasingly corporations will have to balance activist investors and employees prodding them to take progressive positions and conservatives punishing them for it, said David Primo, a professor of political science and business administration at the University of Rochester.
“Corporations are really caught in the middle of the culture wars,” Primo said.
Disney, Florida and how corporations navigate competing political interests
Wisconsin Public Radio radio
2022-04-24
The state of Florida revoked Disney's special tax status after the corporation opposed a controversial LGBT law in the state. We explore how corporations navigate competing political interests.
Lt. governor indictment puts spotlight on state campaign finance reform: New York is set to launch a public financing system for political campaigns in the next election cycle
Albany Times Union print
2022-04-25
There are plenty of other "creative" ways Albany politicians have been corrupt that have nothing to do with campaign contributions, said David Primo.
The latest on Democrats' plan to tax billionaires to pay for spending bill
Wisconsin Public Radio radio
2021-10-26
Democrats are hoping to impose a new tax on the ultra-rich as part of a social policy and climate package they want to pass this week. We look at how the proposal would work, why conservatives are opposed to it, and how likely it is to pass.
New Georgia campaign finance law is ‘carving a loophole’
US News & World Report print
2021-09-01
What’s interesting here is that they’ve created this, essentially, law that almost by design is going to benefit incumbents,” says David Primo, the Ani and Mark Gabrellian Professor and a professor of political science and business administration, and author of a book about campaign finance. “And so usually you don’t see something that’s so transparently anti-challenger. Usually, it’s at least couched in some sort of rhetoric about campaign finance. That’s what makes this a little bit unusual.”
Op-ed: Personal Data About Small-Donor Democrats Is All Over the Internet
New York Times print
2019-08-19
One of the largest single disclosures of small-donor information in American history took place on July 31. On that day, the names, addresses, occupations and employers of at least 2.3 million people who contributed money to 2020 Democratic presidential candidates were listed on the internet for all to see. The culprits were not Russian hackers or disgruntled tech workers, but the Democratic presidential candidates and the federal government.
U.S. Sen. Bernie Sanders likes to talk up grassroots support of his presidential campaign, and one of his favorite metrics is individual donations.
"I feel very good with the fact that we have now received some 2 million individual contributions — which I think is an all-time world's record — up to this point, averaging all of $19 apiece," Sanders said in a recent interview with MSNBC's Rachel Maddow.
Could we fact-check that? Not under today's campaign finance rules.
"Under federal campaign finance laws, contributions from a single individual to a single candidate do not have to be reported until they exceed $200, so, unless Sanders chooses to voluntarily disclose the information for small contributions in his FEC filings, there is no way to verify the information," said David Primo, a professor of political science and business administration at the University of Rochester in New York.
"It would be interesting to see how Sanders' numbers compare with other candidates" in the 2020 race, said Primo.
Marketplace Business News (American Public Media) radio
2019-06-27
There's a new problem with Boeing's troubled 737 Max plane, the aircraft that was involved in those two fatal crashes in Indonesia and Ethiopia. Boeing says the Federal Aviation Administration has asked it to “address” the problem through the software changes it's already making to the 737 Max.
The problem appears to be related to how pilots can control the jet if the system that automatically pushes its nose down malfunctions.
“You know, planes fly themselves to a large degree, but it's the judgement of the pilot in those one-in-a-million shots that is going to make the difference between that plane landing and that plane not landing,” said David Primo, who teaches political science and business administration at the University of Rochester.
When corporations take a stance on divisive issues
WCNY Capitol Pressroom online
2019-06-10
Corporations such as Nike and Chick-fil-A have made headlines by taking positions on divisive issues. But is it wise for corporations to take political stands? How does doing so affect their image, customer loyalty, and ultimately their bottom line?
David Primo, the Ani and Mark Gabrellian Professor and an associate professor of political science and business administration at the University of Rochester, appeared recently on Capitol Pressroom, a WCNY radio production, to discuss mixing advocacy and business.
The Trump budget seeks to cut spending by slicing away at non-military, domestic programs.
Aside from whatever impact those cuts would have on various groups of citizens, experts say, such budget cuts would do little to get at the behemoth-sized debt and deficit.
It's what David Primo, a professor of political science and business administration at the University of Rochester, calls the "Starbucks latte" fallacy – that if an individual is trying to get a personal budget under control, the thing to do is to eliminate the daily pricey coffee drink. In fact the federal budget – and most people's personal budgets – require far more structural and dramatic changes to become balanced and healthy, he says.
"It doesn't work – not in personal finance and not in government finance," Primo says. "I think it would be very difficult to find a political scientist or economist who thinks we can deal with the nation's fiscal issues by making cuts in domestic spending."
A Concise History of Presidential Commentary on the Stock Market
Bloomberg online
2018-12-26
Trump often talks about the market and uses it as a barometer of his success. Since his election, he's tweeted about stocks more than 35 times.
“President Trump, unlike previous presidents, has staked much of his economic success on the stock market. It's not crazy in that sense to encourage people to buy stocks,” said David Primo, associate professor of political science and business administration at the University of Rochester. “It's atypical for presidents generally, but given the way the president has developed his economic platform, it's not that unusual.”
Airports across the country are seeing TSA security screeners calling out from work as the country enters the third week of a partial government shutdown.
TSA employees are expected to work without pay during the partial shutdown because their jobs are considered essential.
David M. Primo, an expert in airport safety and security and a professor at the University of Rochester in Rochester, New York, said flight security is not a risk but there could be inconveniences should call outs from TSA agents continue.
“If the walkout grows significantly, there may be increased wait times at checkpoints, or worst-case scenario, some checkpoints might close, leading to delays and flight cancellations. But those are inconveniences, not threats to the security of the nation's skies,” he said.
Political scientist Primo says Americans should worry about government control of social media
University of Rochester Newscenter online
2017-11-10
Rochester political scientist David Primo says Americans should be worried when politicians discuss the need to control the media. The debate follows in the wake of targeted Russian misinformation campaigns on social media during the last general election. Congress is currently considering legislation that would regulate political advertising on social media...
Risky Business: Do Disclosure and Shareholder Approval of Corporate Political Contributions Affect Firm Performance?
Business and Politics
Saumya Prabhat and David M. Primo
2018
The role of corporations in the US political process has received increased scrutiny in the wake of the US Supreme Court’s Citizens United decision, leading to calls for greater regulation. In this paper, we analyze whether policies mandating greater disclosure and shareholder approval of political contributions reduce risk and increase firm value, as proponents of such rules claim. Specifically, we examine the Neill Committee Report (NCR), which led to the passage of the United Kingdom’s Political Parties, Elections, and Referendums Act 2000 mandating new disclosure and shareholder approval rules. We find that politically active firms did not benefit from the NCR in the days after its release and suffered a decline in value in the months and years that followed. Politically active firms also suffered an increase in risk, as proxied by stock return volatility, following the release of the NCR. We theorize that these findings are due to the reduced flexibility these rules impose on corporate strategy as well as the potential for these rules to facilitate political activism against corporations.
Policy dynamics and electoral uncertainty in the appointments process
Journal of Theoretical Politics
Jinhee Jo, David M Primo, Yoji Sekiya,
2016
By incorporating electoral uncertainty and policy dynamics into three two-period models of the appointments process, we show that gridlock may not always occur under divided government, contrary to the findings of static one-shot appointments models. In these cases, contrary to the ally principle familiar to students of bureaucratic politics, the president or the confirmer is willing to move the court away from his or her ideal point as a way to insulate against worse outcomes in period two. By demonstrating how a simple set of changes to a workhorse model can change equilibrium outcomes significantly, this paper provides a foundation for reconsidering the static approach to studying political appointments.
Using Item Response Theory to Improve Measurement in Strategic Management Research: an Application to Corporate Social Responsibility
Strategic Management Journal
Robert J. Carroll, David M. Primo, Brian K. Richter
2016
This article uses item response theory (IRT) to advance strategic management research, focusing on an application to corporate social responsibility (CSR). IRT explicitly models firms’ and individuals’ observable actions in order to measure unobserved, latent characteristics. IRT models have helped researchers improve measures in numerous disciplines. To demonstrate their potential in strategic management, we show how the method improves on a key measure of corporate social responsibility and corporate social performance (CSP), the KLD Index, by creating what we term D-SOCIAL-KLD scores, and associated estimates of their accuracy, from the underlying data. We show, for instance, that firms such as Apple may not be as “good” as previously thought, while firms such as Walmart may perform better than typically believed. We also show that the D-SOCIAL-KLD measure outperforms the KLD Index and factor analysis in predicting new CSR-related activity.
Information at the Margin: Campaign Finance Disclosure Laws, Ballot Issues, and Voter Knowledge
Ethical Law Journal
David Primo
This paper proposes a framework for studying the relationship between fiscal policy and state constitutions in terms of direct and indirect fiscal restraints and pressures. Fiscal restraints such as balanced budget rules limit the scope of government, while fiscal pressures such as education rights expand or place demands on government.
Disclosing Disclosure: Lessons from a “Failed” Field Experiment
The Forum: A Journal of Applied Research in Contemporary Politics
David Primo, Dick M. Carpenter II, Pavel Tendetnik, and Sandy Ho
In a recent issue of The Forum, Fortier and Malbin call for more research into the effects of disclosure requirements for campaign finance. In this paper, we report the results of a field experiment designed to assess whether such rules dissuade potential contributors due to privacy concerns.
This paper proposes a framework for studying the relationship between fiscal policy and state constitutions in terms of direct and indirect fiscal restraints and pressures.
