Does higher office always lead to more favoritism? We argue that firms may lose their benefit from a connected politicians ascent to higher office, if it entails stricter scrutiny that may reduce favoritism. Around close Congress elections, we find RDD-based evidence of this adverse effect that...

We review the literature on geoeconomics, defined as the field of study that links economics and geopolitics (power rivalry). We describe what geoeconomics is and which questions it addresses, focusing on five main subfields. First, the use of geoeconomic policy tools such as sanctions and...

This book outlines an analytical framework to understand power, influence, and statecraft in the Pacific Islands region. With contributions by scholars from the United States, Australia, China, New Zealand, and across the Pacific Islands region, it provides 'both sides of the story' of...

This paper analyses the performative, consumptive and productive uses and meanings of water in and of the Sardar Sarovar Project (SSP), a large dam with reservoir on the Narmada river, located at the border of Gujarat and Madhya Pradesh States, India. The main focus of the paper is how water is...

As the platform economy continues to reshape the way we live, work, and consume, firms across industries are increasingly dependent upon platforms to engage with customers. Although prior research highlights how these firms develop strategic responses to cope with risks and vulnerabilities...

Purpose - This study examines whether CEO power influences the book-based and market-based performance of Russian companies when it is restricted by the presence of essential shareholders, namely, state and influential businessmen. Design/methodology/approach Managerial power is divided into...

Purpose - The aim of this article is to highlight the major part played by executives in the escalation of corporate social irresponsibility (CSI). Based on the upper echelons theory, the authors developed a model which shows the essential role of CEOs in explaining CSI. The authors proposed...

Purpose The aim of this article is to highlight the major part played by executives in the escalation of corporate social irresponsibility (CSI). Based on the upper echelons theory, the authors developed a model which shows the essential role of CEOs in explaining CSI. The authors proposed that...

Purpose This study examines whether CEO power influences the book-based and market-based performance of Russian companies when it is restricted by the presence of essential shareholders, namely, state and influential businessmen. Design/methodology/approach Managerial power is divided into...

Global efforts to keep the rise in average temperatures within 1.5 degree Celsius are falling short. To achieve this goal, more extensive decarbonization measures are necessary across all sectors of the economy. Clean hydrogen is hydrogen that is produced using methods that result in limited or...

Power dynamics play a pivotal role in shaping governance, decision-making, and interpersonal relationships within family businesses, which operate as hybrid organizations at the intersection of family and business systems. This paper examines the unique manifestations of power in the business...

On December 3, 2024, Michael Hudson met with capital-as-power researchers Jonathan Nitzan, Tim Di Muzio, and Blair Fix to discuss the intersections between their two lines of research. What follows is a transcript of the conversation.

Hydrogen offtake agreements are foundational to the development of the clean hydrogen economy. By securing long-term commitments, they enable capital-intensive projects and support market growth. While contracting activity remains at an early stage, the emergence of binding agreements signals...

Not all major Italian cities of the late Middle Ages could rely on an established and organised system of public debt like Florence, Venice, Genoa, and others. The study of one such city, Bologna, reveals that whenever the city found itself in serious financial straits, outside of ad hoc...

We explore how power and justice dynamics influence whistleblowing behaviour in family firms, focusing on the under-explored construct of connection power. Power and justice are two important, interrelated forces strongly affecting moral behaviour. We hypothesise a moderated moderation model and...

This paper analyses the performative, consumptive and productive uses and meanings of water in and of the Sardar Sarovar Project (SSP), a large dam with reservoir on the Narmada river, located at the border of Gujarat and Madhya Pradesh States, India. The main focus of the paper is how water is...

We challenge the widely accepted premise that the valuation of an early-stage firm is simply the capital invested (USD) divided by the equity received (%). Instead, we argue that this calculation determines the break-even point for the investor; for example, investing USD 1.0 in exchange for a...

As the platform economy continues to reshape the way we live, work, and consume, firms across industries are increasingly dependent upon platforms to engage with customers. Although prior research highlights how these firms develop strategic responses to cope with risks and vulnerabilities...