linguistic:voice_change, information:classification
United States

A 2011 study of the 50 firms that spent the most on lobbying relative to their assets compared their financial performance against that of the S&P 500, and concluded that spending on lobbying was a "spectacular investment" yielding "blistering" returns comparable to a high-flying hedge fund, even despite the financial downturn. A 2011 meta-analysis of previous research findings found a positive correlation between corporate political activity and firm performance. A 2009 study found that lobbying brought a return on investment of as much as 22,000% in some cases. Major American corporations spent $345 million lobbying for just three pro-immigration bills between 2006 and 2008. A review of 30 food and beverage companies spent $38.2 million on lobbying in 2020 to strengthen and maintain their influence in Washington, D.C.