Forbes Magazine Research Articles

Not All Powerful People Are Created Equal: An Examination of Gender and Pathways to Social Hierarchy Through the Lens of Social Cognition

Across four studies (N = 816 U.S. adults), we uncovered a gender stereotype about dual pathways to social hierarchy: Men were associated with power, and women were associated with status. We detected this pattern both explicitly and implicitly in perceptions of individuals drawn from Forbes magazine’s powerful people lists in undergraduate and online samples. We examined social-cognitive implications, including prominent people’s degree of recognition by individuals and society, and the formation of men’s and women’s self-concepts. We found that power (status) ratings predicted greater recognition of men (women) and lesser recognition of women (men). In terms of the self-concept, we found that women internalized the stereotype associating women with status more than power implicitly and explicitly. Although men explicitly reported having less status and more power than women, men implicitly associated the self with status as much as power. No gender differences emerged in the desires for power and status.

Identity of the Family Business Company. How Do the Most Valuable Polish Family-Owned Companies Use Family Identity in Building the Image of a Family-Owned Company?

Theoretical background: In Poland, family-owned companies have been actively developing since the democratic transformation. Some of them have used market conditions, being mature and large entities, consciously building their corporate brand identities, and communicating their messages on their websites. A lot of them are faced with a strategic decision whether to build a brand based on the family-owned type of brand, as encouraged by associations, foundations as well, and the media, whose goal is to support and integrate family-owned companies. Purpose of the article: This article aims to explore the way in which the most valuable Polish family-owned companies that decided to be presented in the Forbes ranking in September 2023 communicate the identity of the family firm on their website and to fid out if there is any pattern or model of communication. Research methods: Fifty websites from 100 family businesses classifid in the Forbes magazine ranking of the most valuable Polish family-owned companies with revenues exceeding PLN 100 million, published in September 2023, were examined, diagnosing elements indicating the adoption of the brand identity of a family business. The criteria for building the family business brand for Polish companies were developed with the participation of 12 experts in the field of family business. Main findings: A model was constructed to identify the family identity of the brand of the family-owned company using family-owned websites. The results of the research indicate that the percentage of family-owned companies among the most precious family owned companies which are defied as family owned companies is higher than that indicated in the reports as of 2009 and 2017 for small and medium companies in Poland.

FEATURES OF THE LEGAL STATUS AND CIRCULATION OF CRYPTOCURRENCIES IN THE REPUBLIC OF KAZAKHSTAN AND A NUMBER OF FOREIGN COUNTRIES

This article is devoted to the study of the legal regulation of the issuance, storage, exchange, purchase and sale of cryptocurrencies. Cryptocurrencies have become widely known in modern society after the advent of the Bitcoin system, which was first reported in Forbes magazine in 2011. Cryptocurrencies operate in a decentralized mode and use blockchain technology, which ensures anonymity and security of transfers without the intervention of a banking organization. Blockchain nodes can be located all over the world, which creates a risk of anonymity for offenders. Cryptocurrencies differ from traditional currencies in that they are not issued by the state and are not subject to state control or the influence of the banking system. The article analyzed the legal status of cryptocurrencies in some countries, including Kazakhstan. The problems o f legislative regulation of cryptocurrencies and the impossibility of solving them at the state level are also considered.The relevance of this article is caused by the presence of some problems of legal regulation of cryptocurrencies, such as the lack of a single international standard for regulating cryptocurrencies, the uncertainty of their taxation, the use of cryptocurrencies for illegal transactions.

Forbes Magazine's America's Best Banks: Are they best for investors?

AbstractThis paper investigates announcement effects and longer‐term performance associated with the Forbes' America's Best Banks survey release. Although the market reacted positively to the announcement, the overall event window effects were insignificant. Raw and risk‐adjusted returns are statistically insignificant over longer‐time horizons. Investors cannot just use the Best Banks list to earn positive announcement window returns. However, a direct relation exists between movement in survey rank and subsequent accounting profitability measures, suggesting investors may benefit from monitoring movements on the Best Banks list. We also find support for a size effect as smaller, matched sample banks have higher Jensen's alphas than the Forbes larger Best Banks.

Is the “Lehman Crisis” Reappearing

On March 7, 2023, Silicon Valley Bank (SVB) announced that it is honored to have been named the best bank in the United States by Forbes magazine for five consecutive years. Dramatically, three days later, it collapsed within 48 hours due to insolvency, causing a huge uproar and becoming the largest bank failure in the United States since the 2008 financial crisis. This case firstly introduces SVB and its unique business model, outlines its process of suffering from severe runs and ultimately leading to bankruptcy after monetary policy changes, and states its series of subsequent impacts on the global economy after bankruptcy. Next, analyze the reasons for the bankruptcy of SVB from two aspects: the deficiencies in its own risk control and the lack of supervision from internal and external regulatory departments. Finally, by reviewing the entire process of the bankruptcy of SVB, we can obtain the enlightenment for China's banking industry and financial regulatory agencies from this incident.

Corporate social responsibility in the United Arab Emirates and globally: A cross-national comparison

This research paper explores and compares the Corporate Social Responsibility (CSR) strategies of the top 25 companies in the United Arab Emirates (UAE) and those of the top companies globally having a presence in the UAE market too, using lists sourced from Forbes Magazine. Utilizing the Stakeholder theory, the focus is to understand any potential differences in the CSR practices between these two groups. To achieve this, the study downloads and analyzes annual CSR reports from the websites of these 50 companies, employing content analysis methodology. The analysis was facilitated by two researchers who identified common themes and areas of focus. All the themes were classified into three central factors using SPSS software: Environment, Social, and Governance. The study found several similarities and a few crucial differences in CSR practices between UAE and worldwide companies. Among the distinguishing features were UAE companies' heightened emphasis on charity and philanthropy, a considerable level of government involvement, and a notable absence of a comprehensive reporting framework. The study further unveils valuable insights and best practices that can be adopted by each group, thereby offering practical and theoretical implications for multinational corporations and policymaking. By shedding light on the distinct CSR landscape in the UAE, this paper is a useful resource for companies looking to understand or operate within this region.

TRANSFORMATION OF THE UKRAINIANS’ PUBLIC OPINION REGARDING DOMESTIC AND FOREIGN POLITICAL PROCESSES OF THE COUNTRY

Objective of the article is to investigate the transformation of public opinion of Ukrainians regarding the domestic and foreign political processes of the country by comparing sociological surveys on the attitude of Ukrainian citizens to various politicians and states. Methods. The main scientific results are obtained by analyzing the statistical data of surveys of various sociological institutes in the period from 2011 to 2022, based on the survey data conducted by the sociological service of the Razumkov Center together with the Ilko Kucheriv Democratic Initiatives Foundation, Forbes magazine. Results. Considering that the process of European integration of Ukraine takes place in rather difficult conditions of the struggle for independence, the purpose of the study is to transform the public opinion of Ukrainians regarding the country’s domestic and foreign political processes by comparing sociological surveys on the attitude of Ukrainian citizens to various politicians and states. In the process of analyzing the results of polls from different years, it is found that the main criterion for the attitude of Ukrainians towards foreign countries, politicians and international organizations is their support for Ukraine in the fight against the aggressor. The leader country that most supports Ukrainians in various fields is Poland, however, among personal preferences, the President of Poland takes an honorable second place after Boris Johnson. This indicates that the interdependence “country – aid – individual” is not always the same, that is, the human qualities of specific individuals, their statements and activities have a greater influence on the formation of the rating of Ukrainian society’s preferences. Despite everything, the analyzed data indicate that defense and preservation of the integrity of the state are vitally important for Ukrainians at the moment. At the same time, the change in attitude towards many countries during the entire period of aggression since 2014 is noticeable. In the future, we have in mind to investigate the level of trust of Ukrainians in international organizations that passively reacted to the environmental and humanitarian disaster after the terrorists blew up the Kakhovska hydroelectric power station.

<em>Roblox</em> and Meta Verch

<em>Roblox</em> and Meta Verch

Top-End Wealth Accumulation: The <i>Forbes</i> Lists and Wealth Inequality

The annual Forbes magazine’s lists of the wealthiest individuals in the world are a widely used source of data about the dynamics of wealth concentration. They complement the estimates of global and national wealth concentration published annually by Credit Suisse Bank and the World Inequality Database. Both sources enable analysis of the dynamics of wealth accumulation. This paper seeks to assess the degree to which political–institutional forces as opposed to market forces shape the process of wealth accumulation. The paper finds that the growth rate of the total wealth of the top 400 individuals between 2000 and 2020 was much higher than for their countries as a whole. Moreover, wealth at the very top has become significantly more concentrated. The processes generating accumulation of wealth nationally foster higher rates of wealth accumulation for the wealthiest. The paper proposes political and institutional explanations based on opportunities for rent-extraction by the wealthiest. Rising market power on the part of some firms and sectors enables profitability to become decoupled from productivity and enables individual-level wealth to accumulate at a rate proportional to the level of wealth.

Two-class structure of Forbes Global 2000 firms sales per employee similar to countries income distributions including some COVID-19 pandemic effects

Sales per capita (per number of employees) of the two thousand Forbes Magazine top publicly-traded companies (G-2000) for years 2015, 2020 and 2021 are statistically analyzed. Employing an econophysical model, the sales distributions per capita for the three years exhibit a two-class structure: a Pareto power law in the higher part and exponential in the lower part resembling a Boltzmann-Gibbs distribution. This distribution is consistent with income distributions around the world as if a fraction of a firms' wealth goes to its employees in the form of wages and salaries. We highlight some changes in sales between 2020 and 2021 on selected industries that had the biggest negative and positive impacts partially due to the COVID-19 pandemic.

Sales per employee of the world’s top combined publicly traded and state-owned companies

Sales per capita (per number of employees) of the 2000 Forbes Magazine top publicly-traded companies (G-2000) and some of the world’s leading state-owned enterprises (SOE) are statistically analyzed. This hybrid or combined cumulative probability sales distribution per capita exhibits a two-class structure: a Pareto power law in the higher part and exponential in the lower part resembling a Boltzmann–Gibbs distribution, where money is conserved in economic trade like energy is conserved in elastic collisions. This global per capita sales two-class distribution is qualitatively similar to income and wealth distributions in many countries around the world.

Targeted Enrollment in Russian Universities: Current State, Problems and Solutions

Targeted studying in higher educational institutions is a system of training highly qualified personnel at the expense of the budget, with compulsory work at state enterprises, civil service, etc. Within its framework, a targeted (specially quota-based) enrollment of applicants studying at the state expense is carried out. The scientific and applied problem of this study is the insufficient efficiency of the state’s use of the instrument of targeted education in higher education.The goal is to form a set of scientifically grounded proposals to improve the efficiency of using the targeted education system in Russia based on the systematic analysis of the practice of targeted enrollment system functioning at the present stage.The empirical base of the study included the results of the admission campaign in 2021 of the TOP-100 of the leading universities in Russia (according to Forbes magazine). The objects of observation were individual IT and medical areas of training.Results and scientific novelty: on the basis of a systemic analysis, the current state of the targeted education system in domestic universities is comprehensively described, on the basis of which the key problems of its functioning at the present stage are formulated: 1) in most cases, a significantly lower level of educational potential of target students in comparison with ordinary “budget” students; 2) the lack of opportunity for universities to influence the quality of applicants within the target quota; 3) proactive nature of the formation of directions for targeted training; 4) the absence in the public domain of formal criteria that are being used for selecting target areas (in most cases); 5) non-objective criteria for selecting potential target students; 6) constraining the choice of an educational institution by target students; 7) insufficient interest of employing enterprises to the implementation of the selection program of potential target groups; 8) lack of means of control and influence on the learning outcomes on the part of future employers; 9) the lack of data-centricity in organizing the targeted training system functioning in Russia. To overcome them, the article provides recommendations grouped into 4 blocks: 1) increasing the transparency of the system for selecting potential candidates for targeted training; 2) increasing the attractiveness of the target recruitment, entailing an increase in the educational potential of target applicants; 3) improving the quality of training target students; 4) control and strategic development of the targeted enrollment system in Russia.

Forbes Magazine's America's Best Banks: Are They Best for Investors?

Forbes Magazine's America's Best Banks: Are They Best for Investors?

Pronouns, Positioning, and Persuasion in Top Nonprofits’ Donor Appeals

Despite increased giving in 2019, competition for donations among nonprofits remains high, especially when a charitable organization’s niche overlaps with that of others’. Consequently, nonprofit charitable organizations must tell stories that persuade donors to support their mission and contribute. This study uses positioning theory to examine how websites of the charitable organizations that appeared in Forbes Magazine’s 2019 top 100 charities use storytelling to facilitate their ethos such that they gain support and thus increase their donor base. The results revealed that nonprofits use positioning to establish two types of partnerships: invited and assumed. Furthermore, the coding revealed three primary types of positioning within these partnerships: savior-follower, business partners, and teacher-student. These positions organize and set the parameters for each organization’s story and will not only influence and potentially dictate the speech acts that follow, but also the responsibilities and rights of all those involved.

Proposing a new strategy to minimize domestic wastewater under the influence of human factor in Antananarivo, Madagascar

Water pollution happens when organic or inorganic materials, even solid materials are poured into the water which degrades its physicochemical quality. The purpose of this study is, to identify, to describe and to highlight the major source of wastewater, and proposing a new strategy for minimization in Antananarivo, Madagascar. Antananarivo is one of the dirtiest cities on the African continent according to the classification made by Forbes magazine and Afrikmag. To know the current situation, an in-situ analysis of the physical parameters: colour, odour, turbidity and electrical conductivity using the turbidimeter and the conductometer are measurable parameters in the field. Major elements analyses, BOD5 using Oxytop method analysis, COD using Potassium dichromate, suspended solids using membrane filtration are measured in the laboratory. The turbidity of the discharges fluctuates from 127 NTU to 421 NTU). For electrical conductivity, it varies from 217 to 977μS.cm−1, BOD5 is of the order 3 to 88mg.L−1, while COD diverges from 279mg.L−1 to 730mg.L−1 and suspended matter oscillates from 400mg.L−1 to 60mg.L−1. Some parameters and concentrations exceeded the discharge standard Malagasy and the international Standard. The best solution for the management of water quality in the face of domestic pollution is the treatment of wastewater before discharge into receiving environments and the sensibilization of the population to take their responsibility.

The Persuasive Language Used in Advertisements in Magazine

This paper presents the results of the study on analyzing the persuasive language used in advertisements in magazines. The aim of this study is to identify the types of persuasive language used in advertisements in Forbes magazine and to analyze the dominant types of persuasive language found in the advertisements. Therefore, the qualitative data were collected from a recognized magazine entitled “Forbes”. The data were analyzed based on the types of persuasive language found by Kannan & Tyagi (2013). The results show that there are 10 types of persuasive languages used in the advertisements in Forbes magazine: long noun phrases, short sentences, avoidance of negative, use of imperatives, weasel words and repetition, hyperbole, simple and colloquial language, alliteration, and syntactic parallelism. Among the 10 persuasive language types, the most dominant one is long noun phrases. The implication of the study may be used to EFL learning and teaching and translation persuasive languages.

A statistical evidence of power law distribution in the upper tail of world billionaires’ data 2010–20

There are real life phenomena in which the underlying process forces the majority of the objects to be small and very few to be large, e.g., wealth, city sizes, firm sizes and many alike. Such behaviors are said to follow heavy tailed distribution. To give a statistical understanding of the wealth disparity, this study investigates the tail behavior of world billionaires’ data 2010–20 taken from Forbes magazine. For this purpose, initially, the tails of underlying data sets are identified by estimating the minimum thresholds using KS test. Then three well known models namely, Power Law, Lognormal and Exponential are tested to model the tail behavior through different model adequacy criteria e.g., KS, AIC, BIC, LRT and Bayes factor. Based on numerical results using KS test, AIC, BIC and Bayes factor, we observed that upper tail of wealth data for each year follows a well-known PL distribution with exponent ranging from 1.306 to 1.571 while LRT results depict that both PL and Lognormal distribution are equally adequate for the upper tail of wealth data. Moreover, the estimate of PL exponent is significantly higher than unity which implies that the distribution of wealth among billionaires is more evenly distributed than as suggested by Zipf’s Law. Results obtained using rolling sampling indicate that the PL exponent is inversely related to the sample size. However, no such pattern is witnessed in the bootstrap simulation results while estimating the PL exponent.

Airbnb Development from Time to Time in the Era of Pandemic

The world is currently busy with the COVID-19 pandemic, which until now has not found a vaccine, Indonesia is included in it. The purpose of this research is to find out what strategies the leaders have taken during the COVID-19 pandemic and the new normal. Rapid technological advances have caused many new startups to appear, many have succeeded but not a few have failed and have to go out of business, based on a survey from Forbes magazine 90% of startups in the world fail to develop their startups, many factors influence the success of startups, one of which is HR, but still Few startups care about the HR factor.

Mainstream Media’s Obsession with Africa

Mainstream Media’s Obsession with Africa

Denotation and Connotation in Korean Drama Titles of 2019-2020

The research aimed to analyze the denotative and connotative meanings in Korean drama titles. The titles were chosen from the popular dramas of 2019-2020 based on Netflix and Forbes Magazine. This study was focused on finding the real meanings behind the titles. The study was done qualitatively by randomly selecting 20 Korean drama titles of 2019-2020. Connotation and denotation are parts of describing the meanings of words. Connotation refers to the implied meaning of a certain word, while denotation refers to the real meaning of a word or, simply said, is the dictionary meaning. The titles of the Korean dramas were not presented in the real sense, but there were other references or implied meanings behind all of the titles. This was so because a title is designed to be eye-catching, a term that is usually used in marketing. Furthermore, those implied meanings in the titles of the dramas were presented in such a way as to arouse emotion.
 Keywords: Denotation, Connotation, Titles