We find that financial decision-making power per se is significant in explaining individuals’ objective risk-taking behavior and subjective risk attitude. More importantly, we show that this decision power attenuates the correlation between subjective risk attitude and objective risk taking....

Comparative organizational network analysis makes it possible to identify the similarities and differences between organizations according to the content of their networks. This research is a comparative study of organizational networks based on formal power. To accomplish this goal, networks...

We construct a model of simultaneous change and persistence in institutions. The model consists of landowning elites and workers, and the key economic decision concerns the form of economic institutions regulating the transaction of labor (e.g., competitive markets versus labor repression). The...

Power has been a foundational concept in global value chain (GVC) research. Yet, in most GVC scholarship, power is not explicitly defined and is applied as a unitary concept, rather than as having multiple dimensions. Clarifying the concept of power has become particularly urgent in recent years...

This study focuses on the intersection of power and gender in negotiations, which is seldom challenged in previous research. In an experiment with 72 negotiators, we consider issue authority as a proxy of power in negotiations and investigate how different power allocations affect the...

Although the determinants of income are complex, the results are surprisingly uniform. To a first approximation, top incomes follow a power-law distribution, and the redistribution of income corresponds to a change in the power-law exponent. Given the messiness of the struggle for resources, why...

"What is measured by the amount of money?" this question is applicable to all kinds of money at all times. The answer can be the key to understanding money. The article offers an answer to this question. The paper considers the phenomenon of simple exchange and formulates the general exchange...

Which groups of elected officials should be in charge of decisions about the imposition of lockdowns and other social distancing rules? People throughout the UK have debated this issue since the start of the pandemic. When central government, local governments, and devolved administrations all...

The bulk of contributions on digital business so far provide mainly descriptive analyses when it comes to the study of power-related phenomena within the gig economy. We particularly lack systematic, integrative studies which focus on interdependencies of power relations, labour conditions and...

Gerade in Demokratien spielen Medien eine wichtige Rolle. So hat die Medienberichterstattung einen nicht unerheblichen Einfluss auf die Wahrnehmung und die Entscheidungen der Bürger als Konsumenten, Unternehmer oder Wähler. Wenngleich dies bereits viele vom Gefühl her bejahen würden, gibt es...

This Working Paper is a chapter forthcoming in Piki Ish-Shalom, Markus Kornprobst, and Vincent Pouliot, eds, Perspectives on Cognitive Evolution and World Ordering: Opening New Vistas, discussing Emanuel Adler's opus magnum on World Ordering. It uses Adler's analysis of power to unpack his...

Der vorliegende Beitrag gibt zunächst in Abschnitt 2 einen kursorischen Überblick über den aktuellen Stand der empirischen Forschung zum Einfluss der Medien auf Wahrnehmung und Verhalten. Dabei wird insbesondere auf den politischen Kontext fokussiert. Sodann werden einige Forschungsarbeiten...

This paper discusses the concept of authority in global governance by unpacking the components that characterize its various notions. These components are the triadic relationship between power, legitimacy, and the reference to public interests, and how they are embedded in the constellation...

Die machtvolle Stellung multinational tätiger Konzerne im globalen Kapitalismus des 21. Jahrhunderts ist ein besonders kontroversielles und aktuelles Thema. Dieser Beitrag diskutiert die Frage der Konzernmacht vor dem Hintergrund der Herausbildung globaler Güterketten und...

This paper discusses the concept of authority in global governance by unpacking the components that characterize its various notions. These components are the triadic relationship between power, legitimacy, and the reference to public interests, and how they are embedded in the constellation...

Die machtvolle Stellung multinational tätiger Konzerne im globalen Kapitalismus des 21. Jahrhunderts ist ein besonders kontroversielles und aktuelles Thema. Dieser Beitrag diskutiert die Frage der Konzernmacht vor dem Hintergrund der Herausbildung globaler Güterketten und...

This Working Paper is a chapter forthcoming in Piki Ish-Shalom, Markus Kornprobst, and Vincent Pouliot, eds, Perspectives on Cognitive Evolution and World Ordering: Opening New Vistas, discussing Emanuel Adler's opus magnum on World Ordering. It uses Adler's analysis of power to unpack his...

Der vorliegende Beitrag gibt zunächst in Abschnitt 2 einen kursorischen Überblick über den aktuellen Stand der empirischen Forschung zum Einfluss der Medien auf Wahrnehmung und Verhalten. Dabei wird insbesondere auf den politischen Kontext fokussiert. Sodann werden einige Forschungsarbeiten...

Market democracies struggle with economic insecurity and growing inequality, presenting new threats to democracy. The revival of “political economy” offers a frame for understanding the relationship between productivity and justice in market societies. It reintegrates power and the social...

The bulk of contributions on digital business so far provide mainly descriptive analyses when it comes to the study of power-related phenomena within the gig economy. We particularly lack systematic, integrative studies which focus on interdependencies of power relations, labour conditions and...

"Three trends have dominated the political economy of integration during the last two decades: globalization, economic nationalism, and regionalization. This book explores comparative regional integration, focusing on both intra-regional integration and relations among regions in the context of...

The US trade war against China in 2018-2019 can either enhance or diminish the US soft power in China, depending on whether it is recognized as legitimate by Chinese citizens. We study how the viewership of US movies--an important element of the US soft power--is affected by the trade war,...

"Economists occupy leading positions in many different sectors including central and private banks, multinational corporations, the state and the media, as well as serving as policy consultants on everything from health to the environment and security. Power and Influence of Economists explores...

Eine essentielle Fibel über Kapitalismus, Politik und die Funktionsweise der Welt, basierend auf der sehr beliebten Vorlesungsreihe "Was ist Politik?" Gibt es eine Alternative zum Kapitalismus? In diesem bahnbrechenden Text zeichnen Chomsky und Waterstone eine kritische Landkarte für eine...

This paper analyzes discourse in the workplace in order to explain puzzling patterns of precarity in twenty-first century capitalism. Tech workers' central role in digital transformation endows them with labor market power reflected by their high wages, but during economic downturns, when demand...

This paper analyzes discourse in the workplace in order to explain puzzling patterns of precarity in twenty-first century capitalism. Tech workers' central role in digital transformation endows them with labor market power reflected by their high wages, but during economic downturns, when demand...

We examine the relations between recent board declassifications, takeover activity and takeover gains over the period 2003-2011. We report that firms that declassified their boards in the previous five years are more likely to be the target of a takeover than other firms. We also report that...

This paper examines the relation between managerial power and compensation for Chief Executive Officers of S&P 500 companies from 1993 through 2012. We find that more-powerful CEOs earn more than less-powerful CEOs. We refer to this additional compensation as a “power premium” and...

The traditional approaches to “access to justice” obscure the current distribution of economic, social, and political power, and how that distribution favors those who have power and burdens those who do not. Consequently, the traditional approaches foreclose possibilities for a truly just...

This study examines the implications of CEO power on the board structure of banks in the Ghanaian banking industry. Using a unique hand-collected dataset in respect of 21 commercial banks in Ghana for the 2009 – 2017 periods, the results show that CEO power underscores the absence or lack of...