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Bigger than Bitcoin: A Theoretical Typology and Research Agenda for Digital Currencies 比比特币更大:数字货币的理论类型学与研究议程
IF 1.8 3区 社会学 Q2 INTERNATIONAL RELATIONS Pub Date : 2021-08-18 DOI: 10.1017/bap.2021.12
T. Marple
Abstract Currency is the fundamental economic technology that makes promises credible among actors within and across societies. From shells, to metals, to paper, the technology of money has continually evolved to meet the changing needs of human society. The twenty-first century is witnessing yet another evolution in the technology of money: digital currencies. Although political economy scholarship has begun to focus on digital currencies, this research has largely focused on single early examples like Bitcoin. I argue that this generally narrow focus has obscured important degrees of variation among digital currencies and, by extension, has omitted important lines of research on digital currencies as a familiar evolution in the technology of money. In this article, I revisit the history of digital currencies with explicit attention to not only economic inefficiencies but also political power structures and offer a new typology for theoretically organizing digital currencies along dimensions relevant to practitioners of political economy. I illustrate that variation along these typological dimensions produces important differences among different digital currencies and, relatedly, I explore the implications this has for digital currencies’ externalities and governance demands. Drawing on this typology, I conclude with a proposed research agenda for the political economy of digital currencies.
货币是一种基本的经济技术,它使承诺在社会内部和社会之间的行为者之间可信。从贝壳,到金属,再到纸,货币技术不断发展以满足人类社会不断变化的需求。21世纪见证了货币技术的另一种演变:数字货币。尽管政治经济学学者已经开始关注数字货币,但这项研究主要集中在比特币等单一的早期例子上。我认为,这种普遍狭隘的关注掩盖了数字货币之间的重要差异程度,并由此延伸,忽略了将数字货币作为一种熟悉的货币技术演变的重要研究方向。在这篇文章中,我重新审视了数字货币的历史,明确关注的不仅是经济效率低下,还有政治权力结构,并提供了一种新的类型学,从理论上按照与政治经济学实践者相关的维度组织数字货币。我说明了这些类型维度的变化在不同的数字货币之间产生了重要的差异,相关地,我探讨了这对数字货币的外部性和治理需求的影响。根据这一类型学,我最后提出了数字货币政治经济学的研究议程。
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引用次数: 4
Interacting Corporate Political Activities with Evidence from the Tobacco Industry 企业政治活动与烟草业证据的互动
IF 1.8 3区 社会学 Q2 INTERNATIONAL RELATIONS Pub Date : 2021-07-30 DOI: 10.1017/bap.2021.7
Kartik Rao, B. Schaufele
Abstract Research on firm-level corporate political activity often treats firm-government interactions as independent of the market competition between firms. Yet, firms that compete in the market will consider rivals when making strategic nonmarket decisions. Ignoring market rivalry when studying nonmarket strategy introduces fundamental endogeneity problems and potentially overlooks a central mechanism explaining firms’ political choices. Our study demonstrates this by investigating the strategic nonmarket interactions of large US tobacco manufacturers, a case study that is independently interesting. From 1992 to 2008, the US tobacco industry experienced dramatic upheaval in its business environment as regulatory authority shifted from the state to federal level, under the Food and Drug Administration. Using firm-candidate–cycle data, a complete information campaign contributions game, played in the nonmarket environment, is estimated for two of the United States’ largest tobacco manufacturers. Results demonstrate that, rather than acting in isolation, US tobacco firms strategically coordinated their firm-level political campaign contributions.
企业层面的企业政治活动研究往往将企业与政府的互动视为独立于企业之间的市场竞争。然而,在市场上竞争的公司在做出战略性非市场决策时会考虑竞争对手。在研究非市场战略时忽视市场竞争会引入基本的内生性问题,并可能忽视解释企业政治选择的核心机制。我们的研究通过调查美国大型烟草制造商的战略性非市场互动来证明这一点,这是一个独立有趣的案例研究。从1992年到2008年,美国烟草业的商业环境经历了巨大的动荡,监管权力从州一级转移到联邦一级,由美国食品和药物管理局(fda)管理。利用公司-候选人周期数据,对美国两家最大的烟草制造商在非市场环境下进行的完整的信息竞选捐款博弈进行了估计。结果表明,美国烟草公司不是孤立行动,而是在战略上协调其公司层面的政治竞选捐款。
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引用次数: 0
Resistance Is Not Futile: Co-operatives, Demutualization, Agriculture, and Neoliberalism in Australia 抵抗并非徒劳:澳大利亚的合作社、非公有制、农业和新自由主义
IF 1.8 3区 社会学 Q2 INTERNATIONAL RELATIONS Pub Date : 2021-07-22 DOI: 10.1017/bap.2021.10
G. Patmore, Nikola Balnave, O. Marjanovic
Abstract Recognition of co-operatives as a legitimate business model and form of economic participation was significantly challenged by the rise of neo-liberalism in the 1980s with its emphasis on individuals and markets. This fueled an externally and internally driven push to demutualize co-operatives and convert them into Investor Owned Businesses (IOB). While the international trend to demutualize emerged from the end of the Second World War, evidence indicates it accelerated from the late 1980s until the onset of the Global Financial Crisis. Drawing on an ongoing project of historical data collection and visual analysis of Australian co-operatives, this paper explores the Australian experience with demutualization, particularly with regard to agriculture. In line with the international experience, there has been a surge in Australian demutualization since the 1980s. However, while demutualization continues to be a feature of the Australian landscape post-GFC as co-operatives tackle with the changed political and economic environment, the paper also challenges the view that demutualization is inevitable for agricultural co-operatives. Co-operative managers can make strategic choices to avoid demutualization and retain member control. Further, co-operative culture and the persistence of co-operative clusters in particular regions can blunt the push to demutualize.
20世纪80年代,强调个人和市场的新自由主义兴起,对合作社作为一种合法商业模式和经济参与形式的认识受到了重大挑战。这推动了外部和内部推动合作社股份化,并将其转变为投资者所有的企业(IOB)。虽然非共同化的国际趋势始于第二次世界大战结束,但有证据表明,从20世纪80年代末到全球金融危机爆发,这一趋势加速了。利用正在进行的澳大利亚合作社历史数据收集和可视化分析项目,本文探讨了澳大利亚在非公有制方面的经验,特别是在农业方面。与国际经验一致,自20世纪80年代以来,澳大利亚的非共同化出现了激增。然而,尽管非公有制仍然是全球金融危机后澳大利亚景观的一个特征,因为合作社应对变化的政治和经济环境,本文也挑战了非公有制对农业合作社是不可避免的观点。合作社管理者可以做出战略选择,以避免股份化和保留成员控制权。此外,在特定地区,合作文化和合作集群的持续存在可能会削弱非共同化的推动力。
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引用次数: 6
How does business power operate? A framework for its working mechanisms 商业权力是如何运作的?工作机制框架
IF 1.8 3区 社会学 Q2 INTERNATIONAL RELATIONS Pub Date : 2021-07-15 DOI: 10.1017/bap.2021.19
M. Babić, Jouke Huijzer, Javier Garcia-Bernardo, D. Valeeva
Abstract The global financial crisis of 2008, its following bank bailouts, and associated corporate impunity sparked a renewed interest in the concept of the structural power of business and the question of “who rules?” in capitalist societies. This new wave of scholarship mitigated some of the problems of the original, theory-driven discussions from the 1970s and 1980s. But despite significant advancements in the empirical identification of business power, we lack a unified framework for studying its working mechanisms. So-called hybrid approaches, drawing on instrumental and structural power for their analyses, display high potential for such a unified and easily applicable framework. We build on this hybrid tradition and propose a novel model that integrates instrumental and structural power analysis into a basic framework. With this, we recalibrate the often rigid division between instrumental and structural power forms and emphasize the role of perceptions as key for understanding the dynamics of business power over time. We illustrate this parsimonious framework by an analysis of the plans of the Dutch government to abolish a dividend tax in 2018 that would have benefited a number of large multinationals but collapsed before implementation.
2008年的全球金融危机,随之而来的银行救助,以及相关的企业逍遥法外,引发了人们对企业结构权力概念和“谁统治?”在资本主义社会。这一新的学术浪潮缓解了20世纪70年代和80年代最初的、理论驱动的讨论所带来的一些问题。但是,尽管在商业权力的实证识别方面取得了重大进展,但我们缺乏一个统一的框架来研究其工作机制。所谓的混合方法,利用工具和结构力量进行分析,显示出这种统一和易于应用的框架的巨大潜力。我们以这种混合传统为基础,提出了一种新的模型,将工具和结构权力分析集成到一个基本框架中。据此,我们重新调整了工具性权力形式和结构性权力形式之间的严格划分,并强调了感知的作用,这是理解企业权力随时间变化的关键。我们通过对荷兰政府计划在2018年取消股息税的分析来说明这个吝啬的框架,该计划将使许多大型跨国公司受益,但在实施之前就崩溃了。
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引用次数: 3
Cosponsoring and Cashing In: US House Members’ Support for Punitive Immigration Policy and Financial Payoffs from the Private Prison Industry 共同赞助和兑现:美国众议院议员对惩罚性移民政策的支持和私营监狱行业的经济回报
IF 1.8 3区 社会学 Q2 INTERNATIONAL RELATIONS Pub Date : 2021-07-05 DOI: 10.1017/bap.2021.6
Jason L. Morín, R. Torres, Loren Collingwood
Abstract The private prison industry is a multi-million-dollar industry that has increasingly profited from the detention of undocumented immigrants. As a government contractor, therefore, the industry has a natural interest in government decision making, including legislation that can affect its expansion into immigrant detention. In this article, we examine the relationship between campaign donations made on behalf of the private prison industry and an untested form of position taking—bill cosponsorship—in the US House of Representatives. We hypothesize the private prison industry will reward House members for taking positions that benefit the industry. We also hypothesize the private prison industry will also reward House members who incur greater political risk by taking positions out of sync with the party. To test our hypotheses, we focus on punitive immigration legislation that has the potential to increase the supply of immigrant detainees over the course of eight years. We find support for our second hypothesis, that private prison companies are more likely to reward House Democrats who cosponsor punitive immigration policies even after accounting for possible endogeneity. The findings have important implications regarding the relationship between House members and private interests.
私人监狱行业是一个价值数百万美元的行业,越来越多地从非法移民的拘留中获利。因此,作为政府承包商,该行业对政府决策有天然的兴趣,包括可能影响其扩展到移民拘留的立法。在本文中,我们研究了代表私营监狱行业的竞选捐款与美国众议院一种未经检验的立场形式——法案共同赞助——之间的关系。我们假设私营监狱行业会奖励众议院议员担任有利于该行业的职位。我们还假设,私人监狱行业也会奖励那些因采取与政党不同步的立场而承担更大政治风险的众议院议员。为了验证我们的假设,我们将重点放在惩罚性移民立法上,该立法有可能在八年内增加被拘留移民的供应。我们发现了对第二个假设的支持,即私营监狱公司更有可能奖励共同支持惩罚性移民政策的众议院民主党人,即使在考虑了可能的内生性之后。这些发现对众议院议员与私人利益之间的关系具有重要意义。
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引用次数: 1
Who's Afraid of Sunlight? Explaining Opposition to Transparency in Economic Development 谁害怕阳光?解释经济发展中对透明度的反对
IF 1.8 3区 社会学 Q2 INTERNATIONAL RELATIONS Pub Date : 2021-06-21 DOI: 10.1017/bap.2021.8
Nathan M. Jensen, Calvin Thrall
Abstract Firms and governments often negotiate economic development deals, such as tax abatements, with limited transparency, using exceptions to public records laws or other strategies for nondisclosure. In this article we explore the motivations of firms for keeping economic development deals out of the public eye. We explore legal challenges to public records requests for deal-specific, company-specific participation in a state economic development incentive program. By examining applications for participation in a major state economic program, the Texas Enterprise Fund, we find that a company is more likely to challenge a formal public records request if it has renegotiated the terms of the award to reduce its job-creation obligations. We interpret this as companies challenging transparency when they have avoided being penalized for noncompliance by engaging in nonpublic renegotiations. These results provide evidence regarding those conditions that prompt firms to challenge transparency and illustrate some of the limitations of safeguards such as clawbacks (or incentive-recapture provisions) when such reforms aren't coupled with robust transparency mechanisms. We speculate that the main motivation for these challenges is to limit scrutiny of these deals that could lead to backlashes against future economic development agreements.
企业和政府经常在有限的透明度下谈判经济发展协议,比如减税,利用公共记录法的例外或其他不披露策略。在本文中,我们探讨了企业将经济发展交易置于公众视线之外的动机。我们将探讨针对特定交易、特定公司参与国家经济发展激励计划的公共记录请求的法律挑战。通过审查参与德州企业基金(Texas Enterprise Fund)这一重大州经济项目的申请,我们发现,如果一家公司重新协商了奖励条款,以减少其创造就业的义务,那么它更有可能挑战正式的公共记录请求。我们将此解释为,当公司通过非公开的重新谈判避免因违规而受到惩罚时,它们对透明度提出了挑战。这些结果为促使企业挑战透明度的条件提供了证据,并说明了在这些改革没有与健全的透明度机制相结合的情况下,追回(或激励-重新获得条款)等保障措施的一些局限性。我们推测,这些挑战的主要动机是限制对这些交易的审查,否则可能导致对未来经济发展协议的反弹。
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引用次数: 6
Personnel Power: Governing State-Owned Enterprises 人事权力:治理国有企业
IF 1.8 3区 社会学 Q2 INTERNATIONAL RELATIONS Pub Date : 2021-06-07 DOI: 10.1017/bap.2021.5
Wendy Leutert, Samantha A. Vortherms
Abstract State-owned enterprises (SOEs) retain a strong presence in many economies around the world. How do governments manage these firms given their dual economic and political nature? Many states use authority over executive appointments as a key means of governing SOEs. We analyze the nature of this “personnel power” by assessing patterns in SOE leaders’ political mobility in China, the country with the largest state-owned sector. Using logit and multinomial models on an original dataset of central SOE leaders’ attributes and company information from 2003 to 2017, we measure the effects of economic performance and political connectedness on leaders’ likelihood of staying in power. We find that leaders of well-performing firms and those with patronage ties to elites in charge of their evaluation are more likely to stay in office. These findings suggest that states can leverage personnel power in pursuit of economic and political stability when SOE management is highly politically integrated.
国有企业在全球许多经济体中仍占有重要地位。鉴于这些公司的双重经济和政治性质,政府如何管理它们?许多国家将行政任命权作为治理国有企业的关键手段。我们通过评估中国国有企业领导人的政治流动模式来分析这种“人事权力”的本质。基于2003 - 2017年中央国有企业领导人属性和企业信息的原始数据集,采用logit和多项模型,我们衡量了经济绩效和政治联系对领导人留任可能性的影响。我们发现,表现良好的公司的领导者和那些与负责评估他们的精英有赞助关系的人更有可能留任。这些发现表明,当国有企业管理高度政治整合时,国家可以利用人事权力来追求经济和政治稳定。
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引用次数: 8
Soft Law Engagements and Hard Law Preferences: Comparing EU Lobbying Positions between UN Global Compact Signatory Firms and Other Interest Group Types 软法律参与和硬法律偏好:比较欧盟在联合国全球契约签署公司和其他利益集团类型之间的游说立场
IF 1.8 3区 社会学 Q2 INTERNATIONAL RELATIONS Pub Date : 2021-06-07 DOI: 10.1017/bap.2021.2
Onna Malou van den Broek
Abstract Although corporate social responsibility (CSR) has gone “mainstream,” the relationship between CSR and corporate political activities (CPA) has received little scholarly attention. This is problematic because firms potentially have a more sizable impact through their lobbying activities for socially and environmentally beneficial (or unbeneficial) public policies than through their own operations. This paper investigates if, and how, UN Global Compact signatory firms differ in their policy preferences on key EU proposals compared to other interest groups. To capture state-of-the-art data on firms’ policy preferences, I draw from the INTEREURO database, which includes firms’ lobbying positions on forty-three directives and twenty-seven regulations covering 112 public policy issues in the European Union. Statistical results show that Global Compact signatory firms significantly lobby for stricter regulation than non-signatory firms and industry associations, however, their positions are still lower than nonbusiness groups. These results are similar across various public policy issues and suggest that the regulatory preferences of firms’ participating in soft law CSR initiatives are more aligned with stakeholders' interests. This paper contributes to public policy literature exploring the relationship between hard and soft law as well as literature studying the political representation of divergent interest.
虽然企业社会责任(CSR)已经成为“主流”,但企业社会责任与企业政治活动(CPA)之间的关系却很少受到学术界的关注。这是有问题的,因为公司通过游说活动争取对社会和环境有利(或不利)的公共政策,可能比通过自己的业务产生更大的影响。本文调查了联合国全球契约签署国企业与其他利益集团相比,是否以及如何在欧盟关键提案的政策偏好上有所不同。为了获取有关企业政策偏好的最新数据,我从INTEREURO数据库中提取数据,该数据库包括企业在欧盟涉及112个公共政策问题的43项指令和27项法规上的游说立场。统计结果显示,全球契约签署国企业比非签署国企业和行业协会对更严格监管的游说力度更大,但其立场仍低于非商业团体。这些结果在各种公共政策问题上都是相似的,这表明企业参与软法律CSR倡议的监管偏好更符合利益相关者的利益。本文对探讨硬法和软法之间关系的公共政策文献以及研究分歧利益的政治代表的文献有所贡献。
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引用次数: 9
Foreign Investment and Right-to-Work Laws 外国投资和工作权法
IF 1.8 3区 社会学 Q2 INTERNATIONAL RELATIONS Pub Date : 2021-06-07 DOI: 10.1017/bap.2021.4
Paulo Cavallo, Clint Peinhardt
Abstract In the competition between American states for economic development, about half of American states offer lower levels of labor rights in the form of “right-to-work” (RTW) laws. RTW states often tout their advantages in competing for foreign investment, but do foreign companies really want weaker labor regulation? Many foreign firms locate production in the United States not to lower labor costs but for other reasons, such as proximity to consumers or to employ highly skilled workers, implying that differences across labor regulations within rich countries may be declining in importance. In this article, we investigate the relationship between RTW laws and greenfield foreign direct investments. In particular, we explore recent RTW changes across two states, Indiana and Michigan, controlling for national trends in foreign investment. Adopting RTW increases foreign investment in manufacturing in both states, but Michigan's RTW law is associated with gains in service-sector projects even while Indiana's is not. While RTW may attract more manufacturing, it is not enough to generate broad-based gains across the economy.
在美国各州经济发展的竞争中,约有一半的州以“工作权”(right-to-work, RTW)法律的形式提供较低水平的劳工权利。沿线国家经常吹嘘自己在吸引外国投资方面的优势,但外国公司真的希望放松劳工监管吗?许多外国公司将生产地点设在美国不是为了降低劳动力成本,而是出于其他原因,例如靠近消费者或雇用高技能工人,这意味着富裕国家内部劳动法规之间的差异可能越来越不重要。在本文中,我们研究了RTW法律与绿地外商直接投资之间的关系。特别是,我们研究了印第安纳州和密歇根州最近的RTW变化,控制了外国投资的全国趋势。采用RTW增加了两个州对制造业的外国投资,但密歇根州的RTW法与服务业项目的收益有关,而印第安纳州则没有。虽然RTW可能会吸引更多的制造业,但它不足以在整个经济中产生广泛的收益。
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引用次数: 0
BAP volume 23 issue 2 Cover and Front matter BAP第23卷第2期封面和封面问题
IF 1.8 3区 社会学 Q2 INTERNATIONAL RELATIONS Pub Date : 2021-06-01 DOI: 10.1017/bap.2021.3
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引用次数: 0
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