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This series aims to play a pioneering role in shaping the merging field of business and public policy. Business and Public Policy focuses on two central questions. First, how does public policy influence business strategy, operations, organization, and governance, and with what consequences for both business and society? Second, how do businesses themselves influence policy institutions, policy processes, and other policy actors, and with what outcomes?

  • General Editors: Aseem Prakash, University of Washington
  • Editorial Boards: Liliana Andonova, Graduate Institute of International and Development Studies, Geneva, Sarah Brooks, Ohio State University, David Coen, University College London, Christopher Knill, Ludwig-Maximilians-University Munich, David Konisky, Indiana University, Bloomington, David Levi-Faur, Hebrew University of Jerusalem, Nathan Jensen, University of Texas, Austin, Layna Mosley, University of North Carolina, Chapel Hill, Abraham Newman, Georgetown University, Washington DC, Leonard Seabrook, Copenhagen Business School, Edward Walker, University of California, Los Angeles, Michael Vandenberg, Vanderbilt University, Tennessee, Henry Yeung, National University of Singapore

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21 results in Business and Public Policy

Page 1 of 2

China's State-Owned Enterprises
  • Leadership, Reform, and Internationalization
  • Wendy Leutert
  • Published online:
    04 December 2024
    Print publication:
    21 November 2024
  • Why do Chinese state-owned enterprises routinely respond to central-level goals and policies in different ways, and why do their reform trajectories often vary significantly across firms and over time? This book introduces a leadership approach to studying the politics, process, and outcomes of economic reform in China's public sector. Using a series of in-depth case studies, Wendy Leutert analyses the exercise and effects of leadership in Chinese state-owned enterprises. She uncovers the 'intra-organizational politics of reform': the daily dynamics of cooperation and conflict between leaders and their subordinates inside public-sector organizations. She also identifies common tactics that Chinese state-owned enterprise leaders use to execute their agendas and ways their subordinates respond. Updating and expanding existing knowledge, this book highlights the growing global consequences of leadership in Chinese state-owned enterprises and why leadership remains vital for understanding China today.

China's Chance to Lead
  • Acquiring Global Influence via Infrastructure Development and Digitalization
  • Richard W. Carney
  • Published online:
    02 November 2023
    Print publication:
    16 November 2023
  • How is China acquiring global influence? Rather than focusing exclusively on China's interests, this book considers a vital but overlooked feature – the interests of recipient countries. Richard W. Carney argues that countries in which political leaders rely more heavily on clientelism coupled with greater control over the corporate sector have a higher demand for Chinese infrastructure spending. Through a combination of statistical analyses and case studies, Carney shows that electoral autocracies (in contrast to closed autocracies, electoral democracies, and liberal democracies) display these features most prominently and are the most avid recipients. This in turn contributes to elevated levels of Chinese digital technologies imports which facilitates the spread of Chinese technical standards, enabling China to create the scale to assert its dominance over the emerging digital economy. Electoral autocracies are the most prevalent type of regime, and are therefore essential partners to China's global ambitions.

The Profits of Distrust
  • Citizen-Consumers, Drinking Water, and the Crisis of Confidence in American Government
  • Manuel P. Teodoro, Samantha Zuhlke, David Switzer
  • Published online:
    18 August 2022
    Print publication:
    25 August 2022
  • The burgeoning bottled water industry presents a paradox: Why do people choose expensive, environmentally destructive bottled water, rather than cheaper, sustainable, and more rigorously regulated tap water? The Profits of Distrust links citizens' choices about the water they drink to civic life more broadly, marshalling a rich variety of data on public opinion, consumer behavior, political participation, geography, and water quality. Basic services are the bedrock of democratic legitimacy. Failing, inequitable basic services cause citizen-consumers to abandon government in favor of commercial competitors. This vicious cycle of distrust undermines democracy while commercial firms reap the profits of distrust – disproportionately so from the poor and racial/ethnic minority communities. But the vicious cycle can also be virtuous: excellent basic services build trust in government and foster greater engagement between citizens and the state. Rebuilding confidence in American democracy starts with literally rebuilding the basic infrastructure that sustains life.

The Cost of Doing Politics
  • How Partisanship and Public Opinion Shape Corporate Influence
  • Jane L. Sumner
  • Published online:
    21 April 2022
    Print publication:
    05 May 2022
  • Using quantitative and qualitative evidence, Sumner shows how consumer boycotts can work to dissuade companies from donating money to politicians, but may also encourage companies to attempt influence by largely invisible means. Boycotts do not work as many people expect – by threatening sales. Instead, Sumner shows how boycotts are less a statement of consumer behaviour than a way for people to signal their political inclinations, and they primarily hurt companies by tarnishing their reputation. Political influence is about building relationships, which means that companies have many more options for influence than just PAC contributions and formal lobbying. With these options available, companies can decide how to influence politics when they need to, and the tarnish of boycotts to a company's image can push some businesses to pursue options that are less noticeable to the public.

Political Economies of Energy Transition
  • Wind and Solar Power in Brazil and South Africa
  • Kathryn Hochstetler
  • Published online:
    12 November 2020
    Print publication:
    26 November 2020
  • Global climate solutions depend on low-carbon energy transitions in developing countries, but little is known about how those will unfold. Examining the transitions of Brazil and South Africa, Hochstetler reveals how choices about wind and solar power respond to four different constellations of interests and institutions, or four simultaneous political economies of energy transition. The political economy of climate change set Brazil and South Africa on different tracks, with South Africa's coal-based electricity system fighting against an existential threat. Since deforestation dominates Brazil's climate emissions, climate concerns were secondary there for electricity planning. Both saw significant mobilization around industrial policy and cost and consumption issues, showing the importance of economic considerations for electricity choices in emerging economies. Host communities resisted Brazilian wind power, but accepted other forms. Hochstetler argues that national energy transition finally depends on the intersection of these political economies, with South Africa illustrating a politicized transition mode and Brazil presenting a bureaucracy-dominant one.

Private Governance and Public Authority
  • Regulating Sustainability in a Global Economy
  • Stefan Renckens
  • Published online:
    02 April 2020
    Print publication:
    02 April 2020
  • At a time of significant concern about the sustainability of the global economy, businesses are eager to display responsible corporate practices. While rulemaking for these practices was once the prerogative of states, businesses and civil society actors are increasingly engaged in creating private rulemaking instruments, such as eco-labeling and certification schemes, to govern corporate behavior. When does a public authority intervene in such private governance and reassert the primacy of public policy? Renckens develops a new theory of public-private regulatory interactions and argues that when and how a public authority intervenes in private governance depends on the economic benefits to domestic producers that such intervention generates and the degree of fragmentation of private governance schemes. Drawing on European Union policymaking on organic agriculture, biofuels, fisheries, and fair trade, he exposes the political-economic conflicts between private and public rule makers and the strategic nature of regulating sustainability in a global economy.

Power Grab
  • Political Survival through Extractive Resource Nationalization
  • Paasha Mahdavi
  • Published online:
    31 March 2020
    Print publication:
    02 April 2020
  • For rulers whose territories are blessed with extractive resources - such as petroleum, metals, and minerals that will power the clean energy transition - converting natural wealth into fiscal wealth is key. Squandering the opportunity to secure these revenues will guarantee short tenures, while capitalizing on windfalls and managing the resulting wealth will fortify the foundations of enduring rule. This book argues that leaders nationalize extractive resources to extend the duration of their power. By taking control of the means of production and establishing state-owned enterprises, leaders capture revenues that might otherwise flow to private firms, and use this increased capital to secure political support. Using a combination of case studies and cross-national statistical analysis with novel techniques, Mahdavi sketches the contours of a crucial political gamble: nationalize and reap immediate gains while risking future prosperity, or maintain private operations, thereby passing on revenue windfalls but securing long-term fiscal streams.

Merging Interests
  • When Domestic Firms Shape FDI Policy
  • Sarah Bauerle Danzman
  • Published online:
    07 December 2019
    Print publication:
    19 December 2019
  • Why do governments open their economies to multinational enterprises (MNEs)? Some argue democratic forces promote this openness, but many citizen groups view multinational business with suspicion. Using quantitative and qualitative analysis, Bauerle Danzman demonstrates how large domestic firms push to liberalize foreign direct investment (FDI) policies to ameliorate financing constraints, often to the detriment of smaller competitors. MNE entry comes with substantial risks, such as higher labour costs and increased productivity pressures, so well-connected domestic firms will prefer to limit access to local markets when the costs of debt financing are relatively low. However, when local environments make debt financing increasingly expensive, firms will be more willing to dismantle restrictive investment policies so that they may overcome liquidity constraints with equity financing from abroad. Bauerle Danzman includes comparative analysis of Malaysia and Indonesia from 1965–2016 to illustrate how governments undertake investment policy reform, and to indicate the interest groups that influence the outcomes of these regulatory changes.

Authoritarian Capitalism
  • Sovereign Wealth Funds and State-Owned Enterprises in East Asia and Beyond
  • Richard W. Carney
  • Published online:
    16 April 2018
    Print publication:
    26 April 2018
  • Since 1945, the liberal-democratic model of capitalism spread across the globe, ultimately prevailing over communism. Over the past two decades, a new statist-authoritarian model has begun diffusing across East Asia. Rather than rejecting capitalism, authoritarian leaders harness it to uphold their rule. Based on extensive research of East Asia's largest corporations and sovereign wealth funds, this book argues that the most aggressive version of this model does not belong to China. Rather, it can be found in Malaysia and Singapore. Although these countries are small, the implications are profound because one-third of all countries in the world possess the same type of regime. With an increasing number of these authoritarian regimes establishing sovereign wealth funds, their ability to intervene in the corporate sectors of other countries is rapidly expanding.

Incentives to Pander
  • How Politicians Use Corporate Welfare for Political Gain
  • Nathan M. Jensen, Edmund J. Malesky
  • Published online:
    23 February 2018
    Print publication:
    15 March 2018
  • Policies targeting individual companies for economic development incentives, such as tax holidays and abatements, are generally seen as inefficient, economically costly, and distortionary. Despite this evidence, politicians still choose to use these policies to claim credit for attracting investment. Thus, while fiscal incentives are economically inefficient, they pose an effective pandering strategy for politicians. Using original surveys of voters in the United States, Canada and the United Kingdom, as well as data on incentive use by politicians in the US, Vietnam and Russia, this book provides compelling evidence for the use of fiscal incentives for political gain and shows how such pandering appears to be associated with growing economic inequality. As national and subnational governments surrender valuable tax revenue to attract businesses in the vain hope of long-term economic growth, they are left with fiscal shortfalls that have been filled through regressive sales taxes, police fines and penalties, and cuts to public education.

Beyond Politics
  • The Private Governance Response to Climate Change
  • Michael P. Vandenbergh, Jonathan M. Gilligan
  • Published online:
    11 December 2017
    Print publication:
    21 December 2017
  • Private sector action provides one of the most promising opportunities to reduce the risks of climate change, buying time while governments move slowly or even oppose climate mitigation. Starting with the insight that much of the resistance to climate mitigation is grounded in concern about the role of government, this books draws on law, policy, social science, and climate science to demonstrate how private initiatives are already bypassing government inaction in the US and around the globe. It makes a persuasive case that private governance can reduce global carbon emissions by a billion tons per year over the next decade. Combining an examination of the growth of private climate initiatives over the last decade, a theory of why private actors are motivated to reduce emissions, and a review of viable next steps, this book speaks to scholars, business and advocacy group managers, philanthropists, policymakers, and anyone interested in climate change.

Governance Entrepreneurs
  • International Organizations and the Rise of Global Public-Private Partnerships
  • Liliana B. Andonova
  • Published online:
    31 October 2017
    Print publication:
    02 November 2017
  • Global partnerships have transformed international institutions by creating platforms for direct collaboration with NGOs, foundations, companies and local actors. They introduce a model of governance that is decentralized, networked and voluntary, and which melds public purpose with private practice. How can we account for such substantial institutional change in a system made by states and for states? Governance Entrepreneurs examines the rise and outcomes of global partnerships across multiple policy domains: human rights, health, environment, sustainable development and children. It argues that international organizations have played a central role as entrepreneurs of such governance innovation in coalition with pro-active states and non-state actors, yet this entrepreneurship is risky and success is not assured. This is the first study to leverage comprehensive quantitative and qualitative analysis that illuminates the variable politics and outcomes of public-private partnerships across multilateral institutions, including the UN Secretariat, the World Bank, United Nations Environment Programme (UNEP), the World Health Organization (WHO) and the United Nations Children's Fund (UNICEF).

Innovations in Urban Climate Governance
  • Voluntary Programs for Low-Carbon Buildings and Cities
  • Jeroen van der Heijden
  • Published online:
    13 July 2017
    Print publication:
    20 July 2017
  • Building on unique data, this book analyses the efficacy of a prominent climate change mitigation strategy: voluntary programs for sustainable buildings and cities. It evaluates the performance of thirty-five voluntary programs from the global north and south, including certification programs, knowledge networks, and novel forms of financing. The author examines them through the lens of club theory, urban transformation theory, and diffusion of innovations theory. Using qualitative comparative analysis (QCA) the book points out the opportunities and constraints of voluntary programs for decarbonising the built environment, and argues for a transformation of their use in climate change mitigation. The book will appeal to readers interested in sustainable city planning, climate change mitigation, and voluntarism as an alternative governance mechanism for achieving socially and environmentally desirable outcomes. The wide diversity of cases from the global north and south generate new insights, and offers practical guidelines for designing effective programs.

The Institutions Curse
  • Natural Resources, Politics, and Development
  • Victor Menaldo
  • Published online:
    05 August 2016
    Print publication:
    16 August 2016
  • The 'resource curse' is the view that countries with extensive natural resources tend to suffer from a host of undesirable outcomes, including the weakening of state capacity, authoritarianism, fewer public goods, war, and economic stagnation. This book debunks this view, arguing that there is an 'institutions curse' rather than a resource curse. Legacies endemic to the developing world have impelled many countries to develop natural resources as a default sector in lieu of cultivating modern and diversified economies, and bad institutions have also condemned nations to suffer from ills unduly attributed to minerals and oil. Victor Menaldo also argues that natural resources can actually play an integral role in stimulating state capacity, capitalism, industrialization, and democracy, even if resources are themselves often a symptom of underdevelopment. Despite being cursed by their institutions, weak states are blessed by their resources: greater oil means more development, both historically and across countries today.

Globalizing India
  • How Global Rules and Markets are Shaping India's Rise to Power
  • Aseema Sinha
  • Published online:
    05 April 2016
    Print publication:
    26 April 2016
  • India's recent economic transformation has fascinated scholars, global leaders, and interested observers alike. In 1990, India was a closed economy and a hesitant and isolated economic power. By 2016, India has rapidly risen on the global economic stage; foreign trade now drives more than half of the economy and Indian multinationals pursue global alliances. Focusing on second-generation reforms of the late 1990s, Aseema Sinha explores what facilitated global integration in a self-reliant country pre-disposed to nationalist ideas. The author argues that the impact of globalization on India has affected trade policy as well as India's trade capacities and private sector reform. India should no longer be viewed solely through a national lens; globalization is closely linked to the ambitions of a rising India. The study uses fieldwork undertaken in Geneva, New Delhi, Mumbai and Washington DC, interviews with business and trade officials, as well as a close analysis of the textile and pharmaceutical industries and a wide range of documentary and firm-level evidence to let diverse actors speak in their own voices.

Corporate Social Responsibility in a Globalizing World
  • Edited by Kiyoteru Tsutsui, Alwyn Lim
  • Published online:
    05 May 2015
    Print publication:
    16 April 2015
  • Why do corporations increasingly engage in good deeds that do not immediately help their bottom line, and what are the consequences of these activities? This volume examines these questions by drawing on historical documents, interviews, qualitative case comparison, fieldwork, multiple regression, time-series analysis and multidimensional scaling, among others. Informed by neoinstitutionalism and political economy approaches, the authors examine how global and local dimensions of contemporary corporate social responsibility (CSR) intersect with each other. Their rigorous empirical analyses produce insights into the historical roots of suspicions concerning cross-societal economic actors, why and how global CSR frameworks evolved into current forms, how conceptions of CSR vary across societies, what motivates corporations to participate in CSR frameworks, what impacts such participation might have on corporate reputation and actual practices, whether CSR activities shield corporations from targeting by boycott campaigns or invite more criticism, and what alternative responses corporations might have to buying into CSR principles.

The Managerial Sources of Corporate Social Responsibility
  • The Spread of Global Standards
  • Christian R. Thauer
  • Published online:
    05 November 2014
    Print publication:
    23 October 2014
  • Why and under which conditions do companies voluntarily adopt high social and environmental standards? Christian R. Thauer looks inside the firm to illustrate the internal drivers of the social conduct of business. He argues that corporate social responsibility (CSR) assists decision-makers to resolve managerial dilemmas. Drawing on transaction cost economics, he asks why and which dilemmas bring CSR to the fore. In this context he describes a managerial dilemma as a situation where the execution of management's decisions transforms the mode of cooperation within the organization from a hierarchy to one in which managers become dependent on, and vulnerable to, the behavior of subordinates. Thauer provides empirical illustration of his theory by examining automotive and textile factories in South Africa and China. Thauer demonstrates that CSR is often driven by internal management problems rather than by the external pressures that corporations confront.

Grassroots for Hire
  • Public Affairs Consultants in American Democracy
  • Edward T. Walker
  • Published online:
    05 June 2014
    Print publication:
    03 April 2014
  • Although 'grassroots' conjures up images of independent citizen organizing, much mass participation today is sponsored by elite consultants working for corporations and powerful interest groups. This book pulls back the curtain to reveal a lucrative industry of consulting firms that incentivize public activism as a marketable service. Edward Walker illustrates how, spurred by the post-sixties advocacy explosion and rising business political engagement, elite consultants have deployed new technologies to commercialize mass participation. Using evidence from interviews, surveys and public records, Grassroots for Hire paints a detailed portrait of these consultants and their clients. Today, Fortune 500 firms hire them to counter-mobilize against regulation, protest or controversy. Ironically, some advocacy groups now outsource organizing to them. Walker also finds that consultants are reshaping both participation and policymaking, but unethical 'astroturf' strategies are often ineffective. This pathbreaking book calls for a rethinking of interactions between corporations, advocacy groups, and elites in politics.

Globalizing Oil
  • Firms and Oil Market Governance in France, Japan, and the United States
  • Llewelyn Hughes
  • Published online:
    18 December 2013
    Print publication:
    16 January 2014
  • Oil is the world's most important commodity. It is also one of the most politicized, with national oil companies controlling most of the world's reserves. Contrary to conventional wisdom, Llewelyn Hughes shows that governments across the advanced industrial states responded to the politicization of oil in the 1970s by freeing prices, lowering barriers to trade, and privatizing national oil companies. How did this come about? And why do some governments continue to support domestic firms? In answering these questions, Hughes shows that the politicization of oil also led to a transformation in oil market governance by changing the balance of risk and opportunities facing firms. He also shows that their ability to benefit from this change was conditioned by previous attempts to shape the competitive landscape in their favor. Hughes' study has important implications not only for the politics of oil, but also for the study of economic liberalization.

The Rise of Global Corporate Social Responsibility
  • Mining and the Spread of Global Norms
  • Hevina S. Dashwood
  • Published online:
    05 September 2012
    Print publication:
    23 August 2012
  • Combining insights from international relations theory with institutional approaches from organization theory and public policy, this book provides a complete explanation for the adoption of corporate social responsibility (CSR), showing how global norms influenced CSR adoption in the mining industry. Global normative developments have clearly had an important influence on major mining companies: by the mid-2000s, the majority had adopted sustainable development as a normative frame for their CSR policies and practices. However, there is significant variation between firms in terms of the timing, degree of commitment, and the willingness to assume a leadership role in promoting global standards for the mining industry. The author finds that attributes internal to the firm, including the critical role of leadership, and the way in which management responds to the institutional context and operational challenges faced in different countries are important influences on CSR adoption and important factors explaining variation.

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