alt Hacker NewsFrom 1994: https://www.jstor.org/stable/2138764
From 2024: https://journals.sagepub.com/doi/10.1177/21582440241279659
Consistent results indicate that, yes, money tends to matter, but it's the source of that money that tends to be doing the heavy lifting.
“Study after study shows that money doesn't really effect the results of high-information elections“
Your earlier statement, in which you claim that “money doesn’t effect result” followed by a useless distinction of high or low info elections. You’re really trying to dance a fine line of nonsense here.
“ We find a positive and statistically significant relationship between campaign expenditure, campaign contributions and winning probability.”
From the same article you posted and the first academic journal result if you Google “studies on how money influences elections”.