Business Elite Research Articles

Does Peer Socialization Within Cohorts Foster Political Attitudes? A Longitudinal Study of Elite Business Students

AbstractThe association between higher education and political attitudes is well-recognized, and research suggests that socialization amongst peers is one of the most probable mechanisms explaining a possible attitudinal change. However, identifying a socialization effect is difficult due to self-selection mechanisms and limitations in data availability. This article empirically investigates the underlying peer socialization by employing a longitudinal network study of undergraduate students in Swedish and Finnish top-ranked business schools (N = 2651). The study tests the hypotheses that (1) attitudes within a cohort converge over time, and (2) socially embedded students experience more attitudinal change during their studies than students who do not engage with their peers. The paper leverages the Covid-19 pandemic as an exogenous shock that severely affected the networking dynamics of specific cohorts since it moved their education off campus. It is thereby among the first studies to directly test the relationship between socializing behaviors within higher education and political attitudes using both subjective and objective measurements. Contrary to previous conjectures, the findings challenge a general socialization mechanism to foster political attitudes. Instead, they point toward the importance of self-selection mechanisms in studies of higher education and for the specific student composition.

Laws Used to Excessively Impede Naming and Shaming in Business and Human Rights: Elite Power?

Abstract This article explores the use of laws to unduly silence critics of corporate human rights abuses. It considers the hypothesis that state and business elites align their interests, fuelling the employment of regulations to excessively impede naming and shaming activities. This article draws on socio-legal and critical legal studies to demonstrate how laws, while typically perceived as protective, can also serve to empower corporations and suppress dissent. It reviews examples of such collusion and calls for further case studies to better understand the interplay between business interests and regulatory practices.

"Data Free Flow with Trust": Japan's struggle to integrate democracy and human rights into digital trade policy.

A powerful regime for regulating trade, the Group of Seven (G-7) has increasingly negotiated its digital trade through bilateral and preferential trade agreements, including with non-member states in the Global South. Focusing on the dominant concept shaping these agreements, Japan's "Data Free Flow with Trust" (D.F.F.T.), we trace its discursively contested emergence and meaning within a national ("Society 5.0") vision for Japan's digital transformation, and its subsequent transnationalization in international fora and institutionalization in global digital trade policy. Drawing on our interviews with Japanese government ministers, business elites, and legal experts who contributed to the processual development of D.F.F.T., as well as diverse additional primary sources, we find that the D.F.F.T. has become more than a trade policy, covering a wider range of social and geopolitical issues. In particular, we show that contention over "data localization measures" has restructured international relations of trust, especially across the Global North/South divide. Ultimately, this research report contributes to our understanding of how D.F.F.T. poses threats to human rights, democracy, and the global knowledge economy that may undermine its goals of enhancing innovation capacity and economic growth.

Transition From Graduate Medical Education to Independent Practice: A Scoping Review.

This study examines the gaps in early career physician readiness for independent practice after graduating from their final graduate medical education (GME) program. The authors conducted a literature search of 4 online databases (PubMed, Scopus, Health Business Elite, and Education Resources Information Center) using the following terms: population terms (GME, fellow, resident, and others), early career terms (onboarding, hiring, early career, ready, and others), readiness terms (readiness, preparedness, knowledge, skills, competence), and independence terms (attending, physician, independent practice). The databases were searched on March 12, 2024, for articles that explored GME graduate gaps in readiness for independent practice; assessment tools, curricula, or curricular need aimed at gaps in early career physician readiness; or an area where GME graduates need more knowledge and skills. They extracted specific gaps in preparedness and categorized them using existing competency frameworks. The search returned 116 articles addressing gaps in preparedness for independent practice among recent GME graduates. Surgery yielded more articles than any other specialty (43 [37%]). Overall, 192 individual gaps were extracted; the greatest number of gaps came from patient care (75 [39%]) followed by personal and professional development (44 [23%]). The most frequently identified gaps were procedural independence (10 occurrences), practice management (9 occurrences), and billing (7 occurrences). Despite advances in GME, learners still struggle when transitioning to independent practice. Personal and professional development is a useful categorization for many gaps and should be considered for inclusion as a GME competency. Systematic assessment of new-to-practice attendings could help stakeholders better understand the true outcomes of GME programs. Concerted investment by specialty societies may drive greater understanding and innovative solutions. Additional study could help address the challenges in the GME-to-practice transition.

The Front and the Back Stage of Power: Formal and Informal Social Capital among Business Elites in the Three Largest Swiss Cities, 1890–2000

The Front and the Back Stage of Power: Formal and Informal Social Capital among Business Elites in the Three Largest Swiss Cities, 1890–2000

Constructos del agua, mercancía y valor

The work revisits certain categories within social sciences to analyze water through two primary lenses. The first lens views water as a social construct, involving various communal, social, and institutional actors. This perspective has historical roots extending back to the liberal era of the early 20th century and continues through the post-war period of 'developmentalism.' During this time, water resources were seen as a public service managed by municipalities, communities, and, following the establishment of the Sistema Nacional de Acueductos y Alcantarillados (SNAA, known as AyA) in 1961, by a centralized state institution. Secondly, the study examines the transition of water from a 'use value' (satisfying a need) to an 'exchange value.' This analysis employs the concept of 'elasticity' of the commodity, representing a kind of expansive long wave embedded in the international political debates of the sixties and seventies. These debates involved various social movements and American business elites, who perceived the concept of 'free enterprise' as under threat. This resulted in 'authoritarian liberalism,' which has had lasting effects. In the present era, a 'total market' logic prevails, where water markets, transnational corporations, and stock market pricing determine the distribution of this resource on the planet through supply and demand laws.

Elítur á Íslandi – einsleitni og innbyrðis tengsl

Á Íslandi hefur það gjarnan verið trú fólks að félagslegur og efnahagslegur jöfnuður einkenni þjóðina og að hvers konar elítur séu lítt áberandi. Engu að síður eru vísbendingar um að elítur séu til staðar, og ennfremur að þær séu styrkjast og ójöfnuður að aukast. Markmið greinarinnar er að greina viðskiptaog atvinnulífselítuna á Íslandi árin 2014 og 2015 út frá tengslum hennar við aðrar elítur sem og innbyrðis tengslum. Slík greining gefur vísbendingar um hversu opin elítan er, tengsl hennar við almenning, og um lýðræðislega uppbyggingu hópsins. Byggt er á tveimur gagnasöfnum; Vald og lýðræði – elíturannsókn og Kynjajafnrétti við stjórn atvinnulífsins: stefna, þróun og áhrif. Til að fá myndræna sýn á innbyrðis tengsl elítuflokka var notast við hugbúnaðarpakkann igraph fyrir R. Niðurstöðurnar sýna talsverð innbyrðis tengsl á milli einstaklinga sem mynda viðskipta- og atvinnulífselítuna. Einsleitni í búsetu, mælt í póstnúmerum er sterk, einkum meðal karla og þeirra sem eldri eru. Búsetueinsleitni þeirra sem eru í forystuhlutverki stjórnmálanna er fjórum sinnum meiri en þeirra sem ekki taka þátt í slíku starfi. Svipað mynstur sést þegar tengslin við íþróttahreyfinguna eru skoðuð; eftir því sem þátttaka einstaklings í íþróttastarfi er meiri, þeim mun meiri er búsetueinsleitnin. Niðurstöðurnar benda til þess að íslenska þjóðfélagið sé lagskipt og að tiltekin gjá sé á milli elítunnar og almennings. Það gefur til kynna að mikilvægt sé að huga að því hversu lýðræðisleg uppbygging hópsins er og hvort hætta sé á að einsleitni í ákvarðanatöku verði of mikil.

Cocoa Transfer Agreements, moneylenders, public letter writers and the rise of business elites in South West Nigeria, 1986–2000

Abstract This paper focuses on the subject of the cocoa transfer agreements and the transformation of rural agrarian livelihoods in the cocoa belt of South West Nigeria under the Structural Adjustment Programme (SAP). The paper maps the trajectory and career of three dominant agricultural entrepreneurs in the cocoa produce trade in South West Nigeria during the 20th century. The paper demonstrates that while the cocoa business in Nigeria has received considerable scholarly attention, the impact of moneylenders, public letter writers (PLWs) and cocoa transfer agreements on cocoa business, rural livelihoods and entrepreneurship in the aftermath of SAP is yet to be fully investigated. Analysing the accumulative strategies and contributions of Emmanuel Akintan, Isaac Adegbuyi Akingboye and Rufus Orosundafosi to rural capital formation, the paper highlights the impacts of liberalisation policies on African rural businesses in the aftermath of SAP. The paper combines primary sources, such as oral interviews, personal observation and ethnography, with information collected from the archives, newspapers, diaries, and extant literature to analyse the dynamics of rural accumulation in the cocoa producing South West Nigeria during the 20th century. The paper argues that the acquisition of wealth and the thin line between standard procedures and clandestine deals stimulated accusations of dispossession of peasant farmers by the capitalist moneylenders and merchants in the post-SAP era.

Family entrepreneurs and their next generations, 1809–1945: educational pathways of business elite in Finland

ABSTRACT This study investigated the history of family business elite education in Finland. It focused on family entrepreneurs who achieved the highest national business elite status between 1809 and 1945 and their successive generations. It explored the characteristics of their education within the framework of educational pathways. Data were sourced from the National Biography, which enabled the selection and examination of families belonging to the business elite up to the fifth generation. The results revealed that the family entrepreneurs and their successors focused on successor upbringing and competitive continuity in the family business. Their educational pathways, shaped by formal and informal education, varied in terms of the unique cultural contexts of their family dynasties. The families employed diverse strategies, including informal conservative education, self-education, growth-oriented education, family wealth governance, higher education-focused learning, industrial education, and elite education pathways. These pathways mirror first-generation family entrepreneurs’ education, the second generation’s evolving educational requirements (in succession, internationalization, and growth), and the third and subsequent generations (in corporate governance and wealth creation). While there were changes in educational needs and content across generations and contexts, this study underscores the importance of educational pathways in conceptualizing the educational history of family businesses.

Rooted Globalism: Arab-Latin American Business Elites and the Politics of Global Imaginaries by Kevin Funk (review)

Rooted Globalism: Arab-Latin American Business Elites and the Politics of Global Imaginaries by Kevin Funk (review)

The Closed Business Elite: Was There a Freemason Conspiracy in the Banking Industry 1960-2000?

The Closed Business Elite: Was There a Freemason Conspiracy in the Banking Industry 1960-2000?

“It Forces You to Publish Some Shit”: Toward a Taxonomy of De-Democratizing Journalistic Practices

Several studies argue that journalism can facilitate and shape democratic backsliding when news organizations are captured by business and political elites. Under these conditions, journalists will likely fail to hold political actors to account and provide information essential for public deliberation. Gradually, news outlets devolve to provide unfair representations based on private interests instead of news coverage guided by public interest. However, research still lacks a systematic and detailed analysis of practices in news production that could be capable of damaging democracy. Not only is evidence very scarce, but it is also limited to the content analysis of news outputs and editorials. Using forty semistructured interviews and three case studies, this research investigates how journalists from the most influential outlets in Brazil covered key political events within a period of constant decline in the quality of democracy (2016–2021). Then, I build on the results to propose a new typology of de-democratizing journalistic practices: soft steering (recommendations pretending concern with standards, including partisan interpretations of balance), hard steering (direct orders, including internal censorship or entirely pre-defined stories), and anticipatory steering (reporters and editors act on their own based on perceptions and previous instructions). Moreover, this research offers evidence that de-democratizing journalistic practices can be internalized by news practitioners and, over time, replace democratic norms. Finally, it suggests a dynamic relationship between censorship and self-censorship in which control not only inhibits actions but also compels journalists to perform in specific ways.

The Role of Public Relations in an Illiberal State: The Case of Russia

Drawing upon in-depth interviews with seasoned public relations practitioners, this study suggests that the field of public relations in Russia has gradually transformed over the last 30 years from being relatively independent to being largely subordinated to political and business elites. Failure to sustain the role of public relations as a driver of democratization has coincided with the overall decline of democratic institutions in the country. Current practices in the field primarily focus on promoting government and business interests and lack a systemic approach to developing relations with citizens to address social problems. This study, which focuses on the Russian context, contributes to the body of literature on business communications and international public relations by analyzing how a country’s sociopolitical and economic context can influence transformations within the field of public relations; in this case, evolving from being relatively independent to becoming subordinate to political and business elites.

Effects of anti-corruption campaigns on cesarean section rate: evidence from China

The excessive utilization of cesarean section (CS) has become a global concern, given the potential short-term and long-term detrimental effects for mothers and infants. Worldwide, the rate of CS continues to rise, but efforts to curtail unnecessary CS procedures have yielded limited success. By combining data from three resources, this study aims to estimate the effects of anti-corruption campaigns under the Xi administration on CS rates. We focus on Shanxi Province, a major coal-producing province in north-central China, with notoriety for the collusion between local politicians and business elites. Using the data from the China Corruption Investigation Dataset and data from publicly listed firms between 2013 and 2016, we found that anti-corruption campaigns significantly changed the social environment as firms’ business entertainment spending experienced substantial reductions. Using discharge records from 137 public hospitals, we adopted an instrumental variable (IV) approach and found that the anti-corruption campaigns led to significant reductions in unnecessary CS rates. The reductions are bigger among patients with second or later deliveries. We also find that the anti-corruption campaigns changed behaviors of attending and resident physicians. Our results provide insights into strategies to reduce corrupt practices within the healthcare sector and implementing interventions to minimize the occurrence of CS among healthy women and newborns.

Creating elite encounters: The ‘campaign’ as approach for interviewing corporate elites

Qualitative research in economic geography recognizes the value of accessing business elite perspectives, yet identifying, approaching and interviewing elites present researchers with a set of challenges. Both practical and ethical, these challenges can be particularly acute for research involving ‘contentious’ firms and sectors – those facing increased societal scrutiny due to histories of labour exploitation, bribery and pollution and where there are often strong asymmetries in social power. This paper proposes a systematic approach for managing these challenges and successfully conducting interviews with business elites that we term an interview ‘campaign’. We propose the interview campaign as a strategic, organized and nimble approach designed to achieve a specific goal – an elite encounter. We show how instrumentalism and strategic ambiguity are central to the campaign, and how both can be harnessed to navigate an environment characterized by uncertainty, serendipity and structured relations of power. Our ‘campaign approach’ systematically breaks down a complex process into manageable parts without losing sight of the whole, via clear goals, strategic planning and critical reflection. The need for evidence-based research on corporate strategic action in relation to a wide range of contemporary economic phenomena suggests the campaign approach may have value across many areas of economic geography, business studies and beyond. The paper draws upon established social science literatures on elite interviewing and political campaigning, and on our own experience conducting interviews with senior executives in the oil and gas industry.

The Swedish business elite and the gift explosion of 1947

ABSTRACT In 1948, the social democratic government of Sweden imposed new wealth transfer taxes including an estate tax. Events have been characterised as the definite breakdown of the co-operation between social democracy and organised business. This article attacks the topic from the perspective of the reproduction of the business elite through the inheritance and the gift. The tax reform triggered an epidemic of generosity. In 1947, gift tax revenue was 20 times higher than the annual averages before and after. We have studied the individual actors of the Swedish business elite as donors and concluded that 76 couples of the business elite transferred 25.2 msek to above all their children. The joint political campaign of organised business against the reform raised 24.8 msek. The result complicates and questions previous assumptions concerning the motives of the business elite for protesting against the tax reform.

Platform kinship and the reshaping of political order in the Somali territories

Abstract Numerous studies show that digital technologies facilitate diaspora engagement in homeland affairs. However, communities in home countries also adapt digital platforms to harness diasporic support and drive socio-political change. Despite a rich literature on ‘digital kinship’, there remains a limited understanding of kinship's broader political and developmental impact, especially in (post)conflict regions. This article draws on fieldwork in the Somali territories to argue that a distinctive model of governance, platform kinship, is emerging as an alternative to existing state and international development programmes. Focusing on WhatsApp, it highlights how the platform's specific features are adapted to Somali segmentary clan structures, enabling kinship groups to bridge digital divides, preserve oral traditions and uphold egalitarian principles. Platform kinship has state-like effects. Through an ecosystem of WhatsApp groups, geographically dispersed kin mediate disputes, coordinate development projects, fund political campaigns, and respond to conflicts and crises. However, it also empowers new actors, including youth, politicians and business elites, while marginalizing elders. Furthermore, because platform kinship strengthens the clan as the central political unit, it can deepen divisions between kinship groups and undermine state-building projects and conceptions of national identity. This has important implications for policy-makers and academics working on digital governance, development and peacebuilding.

Disinfecting the Dead, Sanitizing Empire: The Cultural Memory of Fallen Soldiers in Cuba

AbstractThe misremembering by Americans of the Spanish-Cuban-American War was not an accident of either time or place. Rather, it was a collaboration between the citizenry, political and business elites, and the military-industrial complex centered on the cult of the fallen soldier. As businessmen carved up the Cuban landscape and the military occupied Guantanamo Bay, the war dead played one last service of memory. American commemoration of fallen soldiers acted as a shroud to obscure the practices of American imperialism. The recovery of the war dead thus provides an interesting example of how officials wanted Americans to remember the conflict. Most of the fallen died from disease rather than combat. Recovering the war dead thus entailed an elaborate process of sanitizing the “sick” dead and disinfecting the remains of warriors buried in foreign and tropical soil to repatriate them back to the United States. The metaphorical intersected with the medical in presenting dead soldiers from an imperialistic war with “clean and sterile bones” that would neither threaten the health of the general public nor their collective memory. Such a re-presentation would help shape how Americans remember a clean and sterile “Splendid Little War” without acknowledging the mucky details of empire-building.

Fractured Understandings of Leprosy in Bombay City, 1867-1933.

Between 1867 and 1933, the understanding of leprosy within the colonial medical establishment in Bombay city was fractured on two issues: whether leprosy was contagious and whether individuals with leprosy should be segregated. This article explores how legislation paved the way for resolving these issues in Bombay between 1867 and 1933. Furthermore, the article seeks to problematize the notion of "diseased bodies" or "lepers" through legislation to protect healthy individuals from possible degeneration. Leprosy in Bombay reflected the anxieties of the city's business elite who were averse to accommodating patients from other parts of British India. In addition, the article studies leprosy and "lepers" by analyzing archival documents and public health reports within the context of Bombay city.

Effect of interventions to improve safety culture on healthcare workers in hospital settings: a systematic review of the international literature

BackgroundIn an era of safety systems, hospital interventions to build a culture of safety deliver organisational learning methodologies for staff. Their benefits to hospital staff are unknown. We examined the...