Wealthy families, as opposed to small public shareholders, characterize ownership of the
large corporate sectors of many countries around the world. This paper shows that greater …

This paper explores the existence of partisan cycles in foreign direct investment
performance. Our theoretical model predicts that the incumbent government's partisanship …

This paper elaborates the notion of “crony capitalism” and advances an innovative approach
to the analysis of the phenomenon in case, seen as a type of rent‐seeking society. The …

Multinationals operating in site‐specific industries face two types of opportunistic behavior. If
they vertically integrate, host governments have incentives to change existing legislation …

While there has been much discussion of the negative effects of crony capitalism, there has
been little analysis of their precise nature. It is widely agreed that crony capitalism generates …

Статья посвящена взаимоотношению власти и бизнеса в современной России. Автор
кратко описывает историю этих взаимоотношений и показывает, что в результате …

Corporate governance continues widely, yet mistakenly, to be perceived as being of little
importance for developing countries. A major cause of this misperception is the widespread …

Initially, cronyism was considered to be specific to Asian countries. Further analyses
recognized characteristics of crony capitalism all over the world. According to the model …

Abstract The Austrian School of economics has gradually developed a coherent and unitary
theory of social-political change melding together four elements:(1) praxeology as a …

The book's objective is to explore the challenge of thinking methodically-in a theoretically
and empirically informed way-about alternative forms of capitalism. What are the most …