Managers’ power within organisations has been analysed by several approaches: Orthodox management and organisation studies (‘functional approach’), Critical Management Studies (‘socio-political approaches’), interpretive, discourse-oriented and constructivist concepts...

In this study, we examine the relationship between political connections of private firms and the initial public offering process. Using registration statement information, we create a unique database of politically connected IPO firms. We find that political connections are substitutes to...

Pre-World War I Belgium was characterized by a strong concentration of power in the hands of a small elite with ties to business, banks, and politics. We find that political and upper class connections were widespread amongst listed firms, especially connections with the ruling political party....

We examine the effect of elite connections on CEO pay and turnover decisions, using a large sample of Chinese listed firms. Our findings show that CEOs of private listed firms benefit from significantly higher salaries (a 25% increase), consistent with the resource dependence theory, whereas the...