Corporate Power and Economic Sabotage

Adams, Walter; Brock, James W.

doi:10.1080/00213624.1986.11504568

Cited by 11 publications

(3 citation statements)

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“…These firms receive government support in various forms such as import protection and subsidies in the form of tax favors and bailouts as they contribute significantly to the employment conditions in their industry or region (Adams and Brock 1986, 1987a, 1987b.…”

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confidence: 99%

Government Preferences and SEC Enforcement

Heese¹

2014

SSRN Journal

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I examine whether political influence by the government as a response to voters' interest in employment conditions is reflected in the enforcement actions of the Securities and Exchange Commission (SEC). I find that large employers are less likely to be subject to an SEC enforcement action, after controlling for firm size, accounting quality, distance to SEC office, and political contributions, among other factors. Next, I show that large employers are less likely to face an SEC enforcement action in presidential election years if they are headquartered in politically important states. I also find that firms that employ a larger proportion of a congressional district's total workforce and are located in districts with high unemployment rates are less likely to be subject to an SEC enforcement action if the incumbent congressman serves on a committee that oversees the SEC. These findings suggest that voters' interests are reflected in SEC enforcement.

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confidence: 99%

Government Preferences and SEC Enforcement

Heese¹

2014

SSRN Journal

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“…The key findings of this study can now be summarized: The implications for public policy are indeed quite significant (Mizruchi 2004, Adams andBrock, 1986). Concentration of economic power in the hands of a limited few (as represented by 66% of market capitalization being controlled by 6% of the director population) would indeed be a source of concern.…”

Section: Discussionmentioning

confidence: 79%

Coping with Corporate Cholesterol: Board Interlocks and Their Impact on Corporate Governance - The Indian Experience

Balasubramanian,

Barua,

Bhagavatula

et al. 2011

SSRN Journal

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“…On the other hand, high market concentration usually means the existence of a monopoly or dominant firm in an industry that may be related to market power and, more likely, anticompetitive behaviour of firms in the market with negative impact on small businesses and consumers (Kaditi, 2013), since large companies have considerable bargaining power and ability to influence the economic policy and government decision-making through corruption or social threats to unemployment, influence public opinion, etc. (Adams and Brock, 1986;Dicken, 2011). As pointed out by Curry and George (1983) or Hausman and Parker (2010), a clear assessment of market concentration is a complex and controversial issue.…”

Section: Literature Reviewmentioning

confidence: 99%

Drivers of ROE and ROA in the Czech Food Processing Industry in the Context of Market Concentration

Blažková

Dvouletý

2017

AOL

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The paper investigates the effects of sectoral determinants on profitability of the Czech food processing industry over the period of years 2003-2014. Large micro-level sample (N = 10,509) for 12 years and across 9 food subsectors in the Czech Republic was utilized to create a sectoral panel dataset, which was used in the empirical analysis. As for the methods, regression models with fixed effects were employed. Sectoral profitability served as the dependent variable in regressions and it was operationalized by two variables, i.e. ROA and ROE. Both profitability indicators revealed the same influence of investigated determinants. Obtained results reported positive influence of higher market concentration on sectoral profitability, and also the increase of productivity was associated with the increase of ROA and ROE. It was confirmed that high indebtedness affects the profitability negatively. Contrary to the expectations, the effect of the import penetration on the profitability was not proved.

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Corporate Power and Economic Sabotage

Cited by 11 publications

References 1 publication

Government Preferences and SEC Enforcement

Government Preferences and SEC Enforcement

Coping with Corporate Cholesterol: Board Interlocks and Their Impact on Corporate Governance - The Indian Experience

Drivers of ROE and ROA in the Czech Food Processing Industry in the Context of Market Concentration

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