The value of political capital: Dictatorship collaborators as business elites

被引：7

作者：

Gonzalez, Felipe ^{[1
]}

Prem, Mounu ^{[2
]}

机构：

[1] Pontificia Univ Catolica Chile, Inst Econ, Santiago, Chile

[2] Univ Rosario, Dept Econ, Bogota, Colombia

来源：

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2018年 / 155卷

关键词：

Political capital; Collaborators; Dictatorship; Armed forces; PRIVATE RETURNS; CONNECTIONS; RELATIVES; BOARDS;

D O I：

10.1016/j.jebo.2018.08.024

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

What is the value of political capital for individuals? Towards the end of the Pinochet dictatorship in Chile, military and civilian collaborators entered the business elite, controlling the largest and most important firms in the country. Using a novel panel dataset of board members in these firms, we document an appointment premium for those who had previously collaborated with Pinochet. After democratization, however, collaborators were removed from boards and their compensation premium disappeared. These results suggest that dictatorship collaborators earn a premium in the business world in dictatorship, but not in democracy. (C) 2018 Elsevier B.V. All rights reserved.

引用

页码：217 / 230

页数：14

共 50 条

[41] Suspect, betray, frame: Complaints against the political enemy in the last military dictatorship in Argentina [J].

Lvovich, Daniel .

AYER, 2017, (107) :73-98

[42] The post-dictatorship Chilean documentary and the performative dimension of the audiovisual language in the political conflict [J].

Henriquez Ortiz, Valentina Paz .

IMAGEN [N] VISIBLE, 2019, :374-378

[43] The Corporate Networks and Symbolic Capital of British Business Leaders [J].

Buck, Andrew .

SOCIOLOGICAL PERSPECTIVES, 2018, 61 (03) :467-486

[44] A Family of Political Concepts Tyranny, Despotism, Bonapartism, Caesarism, Dictatorship, 1750-1917 [J].

Richter, Melvin .

EUROPEAN JOURNAL OF POLITICAL THEORY, 2005, 4 (03) :221-248

[45] A POLITICAL ECONOMY PATTERN OF CHINA'S HISTORY: ON REVOLUTION, REFORM, AND INVOLUTION UNDER DICTATORSHIP [J].

Pi, Jiancai .

INTERDISCIPLINARY DESCRIPTION OF COMPLEX SYSTEMS, 2008, 6 (01) :21-27

[46] Human capital, political capital, and off-farm occupational choices in rural China [J].

Wang, Wen ;

Li, Qiang ;

Lien, Donald .

INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2016, 42 :412-422

[47] A Cultural Gap? Perceptions of the Armed Forces Held by Spanish Political, Economic and Military Elites [J].

Bueno, Alberto ;

Duran, Marien ;

Martinez, Rafael .

REVISTA ESPANOLA DE INVESTIGACIONES SOCIOLOGICAS, 2025, (189)

[48] THE RELATIONAL CAPITAL OF EU COMMISSIONER VIVIANE REDING - A HYBRID FORM OF SOCIAL AND POLITICAL CAPITAL [J].

Manolache, Madalina ;

Epuran, Gheorghe .

BUSINESS EXCELLENCE CHALLENGES DURING THE ECONOMIC CRISIS, VOL 1, 2012, :299-+

[49] Do political elites capture crop insurance? Evidence from Indian agricultural households [J].

Pal, Debdatta .

PUBLIC CHOICE, 2025,

[50] Nuclear Power for a Dictatorship: State and Business involvement in the Spanish Atomic Program, 1950-85 [J].

De la Torre, Joseba ;

Rubio-Varas, Maria del Mar .

JOURNAL OF CONTEMPORARY HISTORY, 2016, 51 (02) :385-411

← 1 2 3 4 5 →