Corporate Power and Control: The Case of Leasco Corporation versus Chemical Bank

Glasberg, Davita Silfen

doi:10.2307/800417

Cited by 22 publications

(7 citation statements)

References 14 publications

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“…Hirsch concludes that much of the initial opposition to the hostile acquisition strategy was due to the fact that this acquisition strategy allowed outsiders to acquire assets controlled by more established insiders without the consent of those insiders. More to the point, in an example that relates more to the social bases for collusion within a market rather than across markets, Glasberg [1981] describes how the larger banking community collectively acted to prevent the hostile takeover of a major bank by a low-status outsider.…”

Section: A Sociological Perspective On Predatory Pricing and Identitymentioning

confidence: 99%

“…Alternatively, should they engage in predatory behavior to exclude the entrant's owner from their ranks? In sociological and historical examinations of economic action, social identities are frequently important determinants of the likelihood and then outcome of economic con£ict (e.g., Hirsch [1986], Glasberg [1981]). In this paper, we look at whether the social status of the entrant's owner a¡ects the likelihood of this predatory behavior.…”

Section: Introductionmentioning

confidence: 99%

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Social Status, Entry and Predation: The Case of British Shipping Cartels 1879–1929

Podolny

Morton

1999

The J Industrial Economics

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The authors incorporate social status and regional a¤liationötwo variables of central sociological interestöinto an economic analysis of entry and predation. They build on Scott Morton's [1997] examination of entry and predation in the merchant shipping industry and examine whether the social status of an entrant owner impacts on the predation behavior of the incumbent cartels. They ¢nd that high social status entrants are signi¢cantly less likely (40%) to be preyed upon than the low social status entrants. They discuss several interpretations of this result. Subsequent analysis supports the hypothesis that cartel members use social status as an indicator of an entrant's propensity to be a cooperative cartel participant.

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Section: A Sociological Perspective On Predatory Pricing and Identitymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Social Status, Entry and Predation: The Case of British Shipping Cartels 1879–1929

Podolny

Morton

1999

The J Industrial Economics

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“…Several accounts of what precipitated the stock dumping have been presented (Business Week, 1970; Glasberg, 1981;Mintz and Schwartz, 1985). The most plausible scenario is that in an attempt to protect Chemical, whose stock they also held, from an unscrupulous "upstart," the other major New York banks, in tandem, decided to simultaneously sell their Leasco stock.…”

Section: It Is Possible That Similarity Of Behavior Is a Function Notmentioning

confidence: 99%

Cohesion, Structural Equivalence, and Similarity of Behavior: An Approach to the Study of Corporate Political Power

Mizruchi¹

1990

Sociological Theory

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JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org.. American Sociological Association is collaborating with JSTOR to digitize, preserve and extend access to Sociological Theory.Political sociologists interested in corporate power have focused increasingly on the extent to which the business community is cohesive. Studies of cohesion, however, frequently contain either no definition or operational definitions with little theoretical rationale. This paper examines the uses of the term cohesion in the power structure literature as well as in classical and contemporary sociological theory. I argue that: (1) cohesion is most appropriately defined as an objective characteristic of a social structure; (2) to understand a group's power, we shouldfocus on the extent to which its members behave similarly; and (3) the concept of structural equivalence may be as likely to capture the processes of interest to power structure researchers as the concept of cohesion. Findings from a study of corporate political behavior are presented to illustrate this argument.

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“…The 'links' are extensive indeed (see Dye 1979:163;Kotz 1978;Glasberg 1981:112; Gogel and Koenig 1981:17). Since larger corporations are not only the most transnational in their geographical reach, but also the most integrated with large banks (Idris-Soven et al 1978:27), we might expect large TNCs (Mintz and Schwartz 1981:87) has found that in the United States the 'major organising institutions within the corporate world are the largest New York commercial banks'.…”

Section: The Growth Of Tnbsmentioning

confidence: 97%

Transnational banks and the trilateral commission

Kowalewski

1983

Journal of Contemporary Asia

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Corporate Power and Control: The Case of Leasco Corporation versus Chemical Bank

Cited by 22 publications

References 14 publications

Social Status, Entry and Predation: The Case of British Shipping Cartels 1879–1929

Social Status, Entry and Predation: The Case of British Shipping Cartels 1879–1929

Cohesion, Structural Equivalence, and Similarity of Behavior: An Approach to the Study of Corporate Political Power

Transnational banks and the trilateral commission

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