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Small businesses and government assistance during COVID-19: Evidence from the paycheck protection program in the U.S. COVID-19期间的小企业和政府援助:来自美国工资保护计划的证据
IF 4.2 1区 社会学 Q1 Social Sciences Pub Date : 2023-04-03 DOI: 10.1177/0308518x231166407
Qingfang Wang, Wei Kang
The COVID-19 pandemic has caused unprecedented losses for small businesses in cities across the globe. Policymakers have relied on a wide range of measures to support firms and sustain business continuity. However, significant concerns have been expressed about the degree of equity in the distribution and efficiency of government assistance during the pandemic disruption. Drawing on the case of the Paycheck Protection Program (PPP) and its implementation in inland Southern California, this study examines the spatial distribution of PPP loans at the neighborhood level. Based on spatial regressions and in-depth interviews with small businesses, banks, government agencies, and nonprofit organizations, the study finds that, in terms of their total number and value, the PPP loans have roughly succeeded in reaching their small business targets. However, communities with higher shares of pandemic-vulnerable businesses or higher levels of socioeconomic vulnerability are less likely to have received PPP loans. There have also been spatial spillover effects of community vulnerability when it comes to receiving PPP loans at the neighborhood level. The correlation between fewer PPP loans and community vulnerability also reflects both short-term needs and longstanding challenges facing entrepreneurship and business development in socioeconomically disadvantaged communities. Moreover, small business resilience and community resilience are inseparable, and thus government business assistance must be considered in the context of local communities.
2019冠状病毒病大流行给全球城市的小企业造成了前所未有的损失。政策制定者依靠各种各样的措施来支持企业和维持业务连续性。然而,人们对大流行中断期间政府援助分配的公平程度和效率表示严重关切。本研究以工资保障计划(PPP)及其在南加州内陆的实施为例,考察了PPP贷款在社区层面的空间分布。基于空间回归和对小企业、银行、政府机构和非营利组织的深度访谈,研究发现,就其总数和价值而言,PPP贷款大致成功地实现了小企业目标。然而,易受疫情影响的企业比例较高或社会经济脆弱性较高的社区获得公私伙伴关系贷款的可能性较小。在社区一级接受PPP贷款时,也存在社区脆弱性的空间溢出效应。PPP贷款减少与社区脆弱性之间的相关性也反映了社会经济弱势社区创业和商业发展面临的短期需求和长期挑战。此外,小企业的恢复力和社区的恢复力是不可分割的,因此必须在当地社区的背景下考虑政府的商业援助。
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引用次数: 1
Introduction: Critical approaches to rentiership 导言:关键的方法来出租
IF 4.2 1区 社会学 Q1 Social Sciences Pub Date : 2023-03-15 DOI: 10.1177/0308518X231162363
K. Birch, Callum Ward
The provocation of this special issue is that contemporary capitalism is different. It is increasingly dominated by rentiership rather than entrepreneurship: that is, the extraction of economic rents from the ownership and/or control of assets and resources, rather than profits resulting from the production and sale of new goods and services. We understand economic rents as the value exacted or extracted from the socio-natural world as a result of the relations of ownership and control of particular assets or resources, primarily because of their constructed degree of scarcity or quality (see Birch, 2017, 2020; Birch and Ward, 2022; Christophers, 2020; Haila, 2016; Standing, 2016; Ward and Aalbers, 2016; Zeller, 2008). The concept of rentiership adds to a geographical analysis by specifying the socio-economic power imbalances, strategies, and processes driving wealth extraction and concentration. We circulated the call for papers in mid-2018 when unease with the prevalence of rent-seeking in contemporary capitalism appeared to be coming to a head (Mulgan, 2013; Piketty, 2014; Sayer, 2015; Standing, 2016; Stiglitz, 2012). While papers have been available online since as early as 2019, the final special issue itself has been delayed as a result of the pandemic and associated time pressures on authors. In that period, the characterization of contemporary capitalism as “rentier,” in the sense of being dominated by assets and their owners (Christophers, 2019, 2020; Mazzucato, 2018), has become almost commonplace (e.g. Wolf, 2019). This has extended beyond academia; for example, the 2020–2025 Strategic Plan of major Canadian think tank the Centre for International Governance Innovation highlights the need for “research and analysis surrounding how different competition frameworks could lead to changes in market power and the distribution of rents.” Similar concerns with the problems associated with rentiership are evident in major NGOs (e.g. Jacobs, 2015), the United Nations (e.g. UNCTAD, 2017), and even the World Economic Forum.
这个特殊问题的挑衅之处在于,当代资本主义是不同的。它越来越多地由租赁制而不是企业家精神主导:即从资产和资源的所有权和/或控制权中提取经济租金,而不是从生产和销售新商品和服务中获得利润。我们将经济租金理解为由于特定资产或资源的所有权和控制关系而从社会-自然世界中索取或提取的价值,主要是因为它们的稀缺性或质量的构建程度(见Birch, 2017,2020;Birch and Ward, 2022;克里斯托弗,2020;Haila, 2016;站,2016;Ward and Aalbers, 2016;泽勒,2008)。租用权的概念通过指定社会经济权力不平衡、战略和推动财富提取和集中的过程,增加了地理分析。我们在2018年年中发布了论文征集,当时对当代资本主义中寻租盛行的不安似乎达到了顶峰(Mulgan, 2013;Piketty, 2014;说话的人,2015;站,2016;斯蒂格利茨,2012)。虽然早在2019年就可以在网上获得论文,但由于疫情和作者面临的相关时间压力,最后一期特刊本身被推迟了。在那个时期,当代资本主义被描述为“食利者”,即被资产及其所有者所支配(Christophers, 2019, 2020;Mazzucato, 2018),已经变得几乎司空见惯(例如Wolf, 2019)。这已经超越了学术界;例如,加拿大主要智库国际治理创新中心(Centre for International Governance Innovation)的2020-2025战略计划强调,需要“围绕不同竞争框架如何导致市场力量和租金分配的变化进行研究和分析”。在主要的非政府组织(如Jacobs, 2015年)、联合国(如UNCTAD, 2017年)甚至世界经济论坛中,对与租赁权相关的问题的类似担忧都很明显。
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引用次数: 2
Reorienting new state capitalism to food and agriculture 将新的国家资本主义转向粮食和农业
IF 4.2 1区 社会学 Q1 Social Sciences Pub Date : 2023-03-15 DOI: 10.1177/0308518X231157749
Marion Werner
Scholarship on global agri-food regulation would contribute much to new state capitalism debates, which to date largely ignore this field. Contradictions within the global arrangement of corporations, international agencies, national governments and trade architecture governing agriculture in the 1990s set the stage for more robust state roles post-2008. Food price volatility catalyzed neomercantilist policies while, paradoxically, deepening global market relations. States' on-going interventions to manage repriced food offer crucial windows into this paradox of new state capitalism, while centering socioecological dimensions that remain peripheral to new state capitalism debates.
关于全球农业食品监管的学术研究将为新的国家资本主义辩论做出很大贡献,迄今为止,这些辩论在很大程度上忽视了这一领域。20世纪90年代,企业、国际机构、各国政府和管理农业的贸易架构之间的全球安排存在矛盾,这为2008年后国家发挥更强大的作用奠定了基础。粮食价格波动催生了新重商主义政策,但矛盾的是,它加深了全球市场关系。国家为管理重新定价的食品而进行的持续干预为新国家资本主义的悖论提供了重要的窗口,同时将社会生态维度作为新国家资本主义辩论的外围。
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引用次数: 0
The changing spatial arrangements of global finance: Financial, social and legal infrastructures 变化中的全球金融空间安排:金融、社会和法律基础设施
IF 4.2 1区 社会学 Q1 Social Sciences Pub Date : 2023-03-15 DOI: 10.1177/0308518X231159396
Sarah Hall, A. Leaver, Leonard Seabrooke, D. Tischer
The spatial arrangements of global finance have changed significantly over the last 30 years, entangling new actors, relations and sites. Infrastructures have developed to stabilize change and complexity. The collection advocates for a broader understanding of infrastructures that includes – but moves beyond – supporting technologies of Bloomberg terminals, telephony, and high-speed cabling. In particular, it highlights other infrastructural forms: financial institutions which govern and steer market action, social networks which organize financial practices and reproduce status-based power asymmetries and legal treatments which work across jurisdictions to open up opportunities for actors to innovate or avoid costs. This theme issue highlights how these different infrastructural forms support both changes and continuities in the global financial system and thus contributes to the literature on financialization, global financial networks and global wealth chains.
在过去的30年里,全球金融的空间安排发生了重大变化,新的参与者、关系和地点被纠缠在一起。基础设施的发展是为了稳定变化和复杂性。这本书提倡对基础设施有更广泛的理解,包括——但不仅限于——彭博终端、电话和高速电缆等支持技术。它特别强调了其他基础设施形式:管理和引导市场行为的金融机构,组织金融实践和再现基于地位的权力不对称的社会网络,以及跨司法管辖区工作的法律处理,为行动者创新或避免成本开辟机会。本主题突出了这些不同的基础设施形式如何支持全球金融体系的变化和连续性,从而为金融化、全球金融网络和全球财富链的文献做出贡献。
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引用次数: 0
Connecting up embedded knowledge across Northern Powerhouse cities 连接北方动力城市的嵌入式知识
IF 4.2 1区 社会学 Q1 Social Sciences Pub Date : 2023-03-06 DOI: 10.1177/0308518x231159108
Daniel Straulino, F. Froy, T. Schwanen, N. O’Clery
One of the driving rationales behind plans for major transport investment between Northern UK cities is that of connecting labour pools. Integrated labour pools, the argument goes, will give rise to agglomeration economies and subsequent growth. Behind this logic lies the idea that access to complementary skills in neighbouring cities will yield benefits for firms. Yet, at what travel time radius is access to these skills beneficial? Can a better understanding of this inform our assessment of the likely economic impact of proposed transport investments and subsequent reductions in travel times? Here we develop a method to estimate this radius based on the relationship between industry employment growth in a city and the size of employment in ‘skill-related’ sectors. Assuming car or rail travel, we find that for Northern cities the radius is around 45  min while for the South it is around 110  min. Manufacturing peaks around 45  min for the whole UK, including both North and South. Services, however, peak around 110  min in the South but 70  min in the North. A comparison between the UK’s Integrated Rail Plan and earlier proposals to invest in High Speed 2 rail and Northern rail connections uncovers lost opportunities for employment growth in Manchester, Leeds and Sheffield. This study provides a road-map for the deployment of methods from Evolutionary Economic Geography, originally developed to predict regional and urban growth and diversification processes as a function of the local skill mix, to evaluate the potential gains from transport infrastructure schemes.
英国北部城市之间的主要交通投资计划背后的驱动理由之一是连接劳动力资源。这种观点认为,整合的劳动力资源将带来集聚经济和随后的增长。这种逻辑背后的想法是,在邻近城市获得互补的技能将为公司带来好处。然而,在什么样的旅行时间范围内,获得这些技能是有益的?能否更好地理解这一点,为我们评估拟议的交通投资和随后减少的旅行时间可能产生的经济影响提供信息?在这里,我们开发了一种方法来估计这个半径基于一个城市的行业就业增长和“技能相关”部门的就业规模之间的关系。假设汽车或铁路旅行,我们发现北部城市的半径约为45分钟,而南部城市的半径约为110分钟。整个英国(包括北部和南部)的制造业峰值约为45分钟。然而,服务在南方110分钟左右达到高峰,而在北方70分钟。将英国的“综合铁路计划”与早些时候投资高铁和北方铁路连接的提议进行比较,发现曼彻斯特、利兹和谢菲尔德失去了就业增长的机会。本研究为发展经济地理学方法的应用提供了路线图,该方法最初是用来预测区域和城市的增长和多样化过程,作为当地技能组合的函数,以评估交通基础设施计划的潜在收益。
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引用次数: 0
State capitalism, imperialism and China: Bringing history back in 国家资本主义、帝国主义和中国:回归历史
IF 4.2 1区 社会学 Q1 Social Sciences Pub Date : 2023-03-03 DOI: 10.1177/0308518X231159904
Isabella M. Weber
State capitalism is experiencing a revival as a term to capture the current capitalist constellations and departures from neoliberalism. Unlike, neoliberalism, however, the term state capitalism has a long history reaching back to the age of imperialism in the late 19th century. Although state capitalism has been used as a prerogative term by Marxists, liberals, and neoliberals alike, it has served as a programmatic label for developmentalist and neomercantilist projects in reaction to imperialism in the periphery. This paper argues that we need to bring the intellectual history of state capitalism into the ‘new state capitalism’ debate. China has played a major role in the revival of state capitalism in the social sciences, but the long history of China's engagement with state capitalism as a concept and program dating back to the late Qing reformers has been overlooked for the most part. State capitalism is by no means new to China, from Liang Qichao, Sun Yatsen, and Mao Zedong to Deng Xiaoping, the idea that China had to create a modern nation-state and industrial capitalism in the name of economic progress and to get ahead in the global competition is a recurring theme. What is new is that for the first time, the ambition to use state capitalism as a means to catch up with the West is bearing fruits in ways that could undermine the predominance of Western economies.
国家资本主义作为一个术语正在经历复兴,以捕捉当前的资本主义星座和对新自由主义的背离。然而,与新自由主义不同的是,国家资本主义一词有着悠久的历史,可以追溯到19世纪末的帝国主义时代。尽管国家资本主义一直被马克思主义者、自由主义者和新自由主义者当作特权术语使用,但它已经成为发展主义和新重商主义项目的纲领标签,以回应外围的帝国主义。本文认为,我们需要将国家资本主义的思想史纳入“新国家资本主义”的辩论中。中国在国家资本主义在社会科学领域的复兴中发挥了重要作用,但中国与国家资本主义作为一个概念和计划的接触历史可以追溯到清末的改革者,这在很大程度上被忽视了。新鲜的是,用国家资本主义作为追赶西方的手段的野心第一次结出了果实,这可能会削弱西方经济的主导地位。
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引用次数: 2
Wrestling with “the new” state capitalism 与“新”国家资本主义角力
IF 4.2 1区 社会学 Q1 Social Sciences Pub Date : 2023-02-28 DOI: 10.1177/0308518X231159109
J. Peck
This paper introduces an Exchange section dedicated to the question of the new state capitalism. It is suggested that the new state capitalism, both as an ascendant concept and as marker of socioinstitutional facts on the ground, signals a significant geohistorical moment, perhaps not a new “era” as such, but a notable inflection point. This warrants critical attention, even if first-generation treatments of the phenomenon itself may have been somewhat wanting. Contributions follow from Ilias Alami, Jennifer Bair, Isabella Weber, Marion Werner, and Heather Whiteside, each of whom provide a critical take on (debates around) the new state capitalism from their own theoretical perspective and vantage point.
本文介绍了一个专门讨论新国家资本主义问题的交流部分。作者认为,新的国家资本主义,既是一个上升的概念,也是社会制度事实的标志,标志着一个重要的地理历史时刻,也许不是一个新的“时代”,而是一个显著的拐点。这值得关注,即使第一代对这种现象的治疗本身可能有些不足。伊利亚斯·阿拉米、詹妮弗·拜尔、伊莎贝拉·韦伯、马里昂·维尔纳和希瑟·怀特塞德都有自己的贡献,他们每个人都从自己的理论视角和优势位置对新的国家资本主义提供了批判性的看法。
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引用次数: 1
Legitimacy and the extraordinary growth of ESG measures and metrics in the global investment management industry ESG措施和指标在全球投资管理行业的合法性和非凡增长
IF 4.2 1区 社会学 Q1 Social Sciences Pub Date : 2023-02-28 DOI: 10.1177/0308518x231155484
G. Clark, Adam D. Dixon
ESG metrics are increasingly important in the global investment management industry. Why this came to pass given the limited appetite for responsible investing in the industry is the subject of this paper. Although the business case for ESG provides an explanation for its increasing uptake whereby market actors are increasingly convinced of the merits of ESG as a profit centre, this explanation is insufficient. By contrast, the adoption the ESG programme offers a means of rewriting the terms of risk management and value creation that while grounded in the business case also serve to address challenges to the legitimacy of the global asset management industry. These developments are illustrated in a case study of the establishment and growth of TruCost and its purchase by S&P Global in 2016.
ESG指标在全球投资管理行业日益重要。鉴于对该行业负责任投资的兴趣有限,为什么会出现这种情况是本文的主题。尽管ESG的商业案例为其日益普及提供了解释,即市场参与者越来越相信ESG作为利润中心的优点,但这一解释是不够的。相比之下,采用ESG计划提供了一种重写风险管理和价值创造条款的手段,这些条款虽然基于商业案例,但也有助于应对全球资产管理行业合法性面临的挑战。这些发展在TruCost的建立和发展以及2016年被标普全球收购的案例研究中得到了说明。
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引用次数: 0
The explanatory power of the landscape perspective on inter-organizational collaboration 景观视角对组织间协作的解释力
IF 4.2 1区 社会学 Q1 Social Sciences Pub Date : 2023-02-28 DOI: 10.1177/0308518X231152889
Mart‐Jan de Jong, J. Edelenbos, G. Teisman, J. Hoffman, M. Hajer
Collaboration between organizations is generally seen as a pre-requisite for dealing with complex problems, but such efforts appear to be inherently difficult and often disappoint expectations regarding their problem-solving capacity. In this article we add to the existing literature by taking a systemic, landscape perspective on collaborative success and failure. Using a case study of urban regeneration in the Dutch Randstad conurbation, we show that when practitioners aim to collaborate on an inter-organizational level (between organizations), they also need to collaborate productively on intra-organizational (between teams) and supra-organizational (between coalitions) levels. We investigate the tense relationships within and among these levels, and highlight what happens in-between, thereby picturing a bigger collaborative landscape. Drawing on interviews and participant observation we reveal horizontal and vertical practices of “in-betweening” within and between each level. These practices are a promising way to overcome difficulties that may surface on the inter-organizational level but are influenced by the two other levels. Understanding and synchronizing collaborations on all three levels is presented as an effective way to increase the problem-solving capacity of inter-organizational collaboration.
组织之间的协作通常被视为处理复杂问题的先决条件,但是这样的努力似乎本身就很困难,并且常常使人们对其解决问题能力的期望落空。在这篇文章中,我们通过对协作成功和失败采取系统的、景观的观点来补充现有的文献。通过对荷兰任仕达联合城市更新的案例研究,我们表明,当从业者的目标是在组织间(组织之间)进行合作时,他们还需要在组织内(团队之间)和超组织(联盟之间)层面进行富有成效的合作。我们研究了这些层次内部和层次之间的紧张关系,并强调了两者之间发生的事情,从而描绘了一个更大的合作前景。通过访谈和参与者观察,我们揭示了每个层次内部和之间的横向和纵向“中间”实践。这些实践是克服可能出现在组织间级别但受其他两个级别影响的困难的有希望的方法。理解和同步所有三个层次上的协作是提高组织间协作解决问题能力的有效方法。
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引用次数: 0
Unpacking corporate ownership in property markets: A typology of investors and the making of an investment value chain in Brazil 解构房地产市场中的企业所有权:投资者的类型和巴西投资价值链的形成
IF 4.2 1区 社会学 Q1 Social Sciences Pub Date : 2023-02-19 DOI: 10.1177/0308518x231157742
D. Sanfelici, Maira Magnani
Over the past few decades, a growing number of studies have analyzed the social, spatial, and economic consequences of the sharp rise in corporate ownership of property assets. These studies have shown that financial(ized) rationalities, preferences, and techniques increasingly shape the investment behavior of corporate landlords, with notable effects in cities and regions. Less attention has been given, however, to the heterogeneity of actors that are bundled together under the umbrella of corporate landlords, as well as to the investment strategies these different actors pursue. In this paper, we aim to fill this gap by analyzing the investment behavior of three corporate and financial investors in Brazil's commercial property markets: pension funds; listed property firms; and real estate investment trusts. Drawing on institutional and evolutionary approaches to economic geography, we build a typology of investor types in Brazil's commercial property markets which shows that the investment preferences of these actors are largely shaped by three key variables: their organizational rules and routines; their ownership structure; and differential access to financing. In addition, we show that these investment preferences translate into distinguishable patterns of property investment and influence broader property market dynamics by giving shape to an investment value chain.
在过去的几十年里,越来越多的研究分析了企业房地产资产所有权急剧上升所带来的社会、空间和经济后果。这些研究表明,财务(化)理性、偏好和技术日益影响企业房东的投资行为,并在城市和地区产生显著影响。然而,很少有人关注在企业房东的保护伞下捆绑在一起的参与者的异质性,以及这些不同参与者所追求的投资策略。在本文中,我们旨在通过分析巴西商业房地产市场中三个企业和金融投资者的投资行为来填补这一空白:养老基金;上市房地产公司;还有房地产投资信托。利用经济地理学的制度和进化方法,我们建立了巴西商业房地产市场投资者类型的类型学,该类型学表明,这些参与者的投资偏好在很大程度上受到三个关键变量的影响:他们的组织规则和惯例;他们的所有权结构;融资渠道的差异。此外,我们还表明,这些投资偏好转化为可区分的房地产投资模式,并通过塑造投资价值链来影响更广泛的房地产市场动态。
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引用次数: 0
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Environment and Planning A-Economy and Space
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