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This article examines recent measures undertaken by major commercial banks to mitigate and address human rights risks associated with their financial dealings in the arms industry. By reviewing the corporate policies of 20 leading banks that provide financing to top arms manufacturing and exporting companies, the article provides insights into three significant aspects of banks’ efforts: the development of defence sector policies, the implementation of risk assessments for adverse human rights impacts, and the application of exclusion clauses. These measures highlight the increasing recognition by banks of the need to address the ethical, social and human rights implications of financing arms deals, contributing to the broader regulatory and normative framework governing the arms industry.
Exogenous shocks play a crucial role in cluster evolution and change. Yet the mechanisms and processes driving these changes have been relatively underexplored. Furthermore, cluster change studies have focused more on cooperative dynamics. The conflict dynamics in a cluster have received somewhat less attention. Therefore, the present study examines the impact of the exogenous shock on conflicts in a cluster. The Howrah foundry cluster in India constitutes the empirical context of this study. Our findings point to group-level conflict and fragmentation as crucial mechanisms of cluster change. The study further explores the role of rival associations in cluster governance. It shows that rival associations can lead to equitable distribution of opportunities in the cluster. The study also contributes to Indian business history literature. It sheds light on the growth dynamics of small-scale industries and indigenous entrepreneurship in the Howrah district of India. It further brings attention to relatively underexplored data sources in Indian business history.
Governments around the world are under pressure to do more with less. Dispelling the conventional wisdom that government is the enemy of innovation, this book argues that the promise of innovation addressing the most compelling societal problems will only come to fruition if governments become full partners and participants in innovation. The authors provide a systematic overview, analysis, framework, research agenda, and strategic directions for the study of public sector innovation, examining drivers, sources, barriers, typologies, and outcomes of innovation along with ethics. They suggest that innovation in government requires a new approach to public sector strategy, organization, human resources, and culture. Featuring large data analyses and poignant case studies drawn from best practices across the globe, Demircioglu and Audretsch identify what works and what doesn't in transforming governments from the periphery to the very heart of the most profound innovations driving societal change and development.
Market studies is a newly emerging field dedicated to understanding the origins, core concepts, theories and methods currently being used and developed to examine markets in the making. Providing a unique overview that introduces, positions and develops this highly fertile area of research, Market Studies is the first book to consolidate its themes, tools and methods in a single, comprehensive volume. Topics covered include: market organization and design; performativity in and around markets; valuation; market places and spaces; methods that may be utilized in studying markets; the field's relation to adjacent disciplines; the future of markets. Deploying a sensitivity for the socio-material constitution of markets, the authors put market practices at the centre of inquiry and offer insights into the future and potential impact of market studies research. The contemporary, practical and interdisciplinary approach is strengthened by multiple examples of original empirical research into markets.
Contemporary life relies on regulation. The quality and safety of the water we drink, the food we eat, and the social media applications we use are all governed by multiple regulatory regimes. Although rooted in law, regulation is a multidisciplinary endeavour. Debates about regulation, particularly in the face of rapid change and the emergence of new 'risks', are now commonplace. Despite extensive scholarship, regulation is often poorly understood, even by policy-makers, with unintended and even disastrous consequences. This book offers a critical introduction to core theories, concepts, methods, tools, and techniques of regulation, including regulatory policy, instruments, enforcement, compliance, accountability and legitimacy. Weaving extracts from texts drawn from many disciplines with accessible commentary, it introduces this important field to students, scholars, and practitioners in a scholarly yet accessible and engaging manner with discussion questions and additional readings for those seeking to deepen their knowledge.
Historically, the higher education curriculum in business degrees has contained little or no Aboriginal and Torres Strait Islander (herein ‘Indigenous’) content. With the increase in awareness at the societal level, Australian university business schools need to change and design the curriculum, so that students graduate with the capability to engage with Indigenous businesses, individuals, and communities while understanding contemporary policy and business including sustainability, Human Resources, supply chain, and governance. First, secondary data from Australian Department of Education, Skills, and Employment were collected on Indigenous and non-Indigenous higher education students is presented to establish the current levels of student’s access and completion rates in management, commerce and business areas. Secondly, focus groups were held to gain the views of educators who have taught Indigenous curriculum in Foundation business and commerce curriculum and share their perceptions of the impact of this on students and themselves. The secondary data presented show the imperative of providing strategies to support and opportunities to Indigenous students and that by embedding Indigenous knowledge students can build awareness and connection leading to short and long term improvements. Information gathered from the research can be used to support the largely positive impact teaching Indigenous curriculum thereby addressing government policies in closing the gap of education and employment.
Cartels today are illegal and illegitimate across the globe. Yet until the end of World War II, cartels were legal, ubiquitous, and popular—especially in Europe. How, then, did cartels become bad, if they had been considered a positive force for capitalist stabilization and peace in the first half of the 20th century? That is the question this dissertation poses. By the 1930s, over 1,000 monopolistic agreements regulated nearly half of world trade. International cartels governed the interwar world economy, setting prices and output quotas, dividing world markets, regulating trade flows, and even controlling the transfer of patents across firms and sovereign state borders. I conceptualize this regime as “cartel capitalism.” Most cartels were headquartered in industrial Europe. First, I trace how a surprising consensus in interwar Europe—comprising national governments; international organizations like the League of Nations; industrialists, led by the International Chamber of Commerce; federalists; and even socialists—backed cartels as a panacea to the problems of reconstruction after 1918, namely the quest for peace and stable markets. However, in the wake of 1945, most countries in Western Europe—along with the new supranational European Coal and Steel Community (ECSC, 1951) and European Economic Community (EEC)—started prohibiting cartels. My project illuminates the causes and consequences of this great reversal. Monopoly Menace reveals, for the first time, how Europe’s transnational reckoning with the shocks of the Great Depression, fascism, and total war produced a genuine anticartel revolution that rewrote the rules of the modern European and global economy. Monopoly Menace ends by illuminating how American, British, French, and West German postwar planners designed new national welfare states, the Bretton Woods Order, and the European Union on the neglected foundation of anti-cartel policies.
“Imperial Crucible” tells the story of the Aluminum Company of America (Alcoa) from the company’s founding in Pittsburgh in 1888 through the 1950s. Although scholars have long contended that American multinational corporations played a pivotal role in the industrialization of the United States, the building of a global working class, and the transformation of European empires, they have tended to see these stories as distinct, rather than interconnected. In contrast, Imperial Crucible focuses on a single firm to draw together the political-economic, working-class, and imperial history of American business. What the industrialists behind Alcoa built, I argue, was not a multinational but a transimperial corporation.
The quest for corporate accountability remains unabated in the business and human rights (BHR) field. This paper examines the role of multinational corporations (MNCs) and Business Interest Associations (BIA) as entrepreneurs, antipreneurs and saboteurs in setting human rights standards. Through this conceptualization, this paper argues that corporate accountability remains elusive because of corporate actors’ normative power and influence in the BHR norm contestation. It attributes corporate actors’ influence in the norm contestation to the UN multistakeholder design that sees nonstate actors as partners and stakeholders in setting global human rights standards. This article then argues that to force a norm change in the BHR field, there is a need to rethink the BHR governance model. Corporate actors must be reconceptualized as ‘regulated individuals’ during norm discussions and standard-setting processes.
Scholarly and practitioner interest in authentic leadership has grown at an accelerating rate over the last decade, resulting in a proliferation of publications across diverse social science disciplines. Accompanying this interest has been criticism of authentic leadership theory and the methods used to explore it. We conducted a systematic review of 303 scholarly articles published from 2010 to 2023 to critically assess the conceptual and empirical strengths and limitations of this literature and map the nomological network of the authentic leadership construct. Results indicate that much of the extant research does not follow best practices in terms of research design and analysis. Based on the findings obtained, an agenda for advancing authentic leadership theory and research that embraces a signaling theory perspective is proposed.
Organizational control addresses the fundamental yet vexing managerial problem of aligning workers' capabilities, activities, and performance with organizational goals and aspirations. In recent years, the onset of COVID-19, combined with new developments in information and communication technologies, has brought about profound changes in organizations, and even in the nature of work itself. We have seen surges in virtual and remote work; progression of alternative work arrangements (especially in the gig economy); and an increasingly wide-spread reliance on algorithmic monitoring and control. These changes have exacerbated the tension between the pursuit of individual and organizational interests, exposing the limits of traditional approaches to organizational control, and questioning whether they still reflect contemporary organizational realities. Providing a comprehensive discussion of the multi-disciplinary approaches to organizational control, this book integrates the new and evolving trends in technology, organizations, and society into a reconceptualization of organizational control for twenty-first-century organizations.
This chapter explores the performative power of research methods, and specifically the power of audio-visual technologies – the video camera - in capturing and re-presenting data concerning markets, their innovation and transformation. Our claim is that cameras and their research outputs, are engines of change. They act as market-making devices that not only inform but additionally perform markets. After reflecting on the Market Studies conceptualization of markets and the role of the camera as a market-making device, we show how the camera provides new perspectives, generates a deeper understanding of context and opens-up new opportunities for the reflexive action that has the power to transform both our understandings of markets and how they are performed. We draw on our own experiences and extant research to consider how the camera acts as a socio-technical and sentimental device to shake up existing practices, generating opportunities for new data collection, analysis and new ways of seeing, representing and expressing the politics of markets – transforming them in the process. We argue that i) zooming-out, ii) zooming-in, iii) refocusing, iv) slowing-down action and motion, and v) editing, have the capacity to generate and reveal different constitutive components of a market’s sociomaterial realities by drawing attention to actors, objects and emotions, and their relations with their wider social setting. We conclude that cameras can constitute different realities, breaking down taken for granted binaries, between society and nature, opening opportunities to build moral markets in new and innovative ways.
This chapter explores the interplay between space production, place qualification, and market-making. It argues that market-making is closely tied to space creation, with competing socio-technical arrangements shaping and economizing space. Understanding market site qualification is crucial for grasping the relationship between marketplaces and spaces, as it involves equipping agencies to co-produce site characteristics alongside goods therein. Further, market sites are influenced by non-economic factors alongside economic arrangements, serving as spaces for social interaction and inclusivity beyond their economic function. Examining the reciprocal relationship between market spaces and places, a case study on the changes made in the Irish pub during the Covid-19 pandemic is presented. The pandemic disrupted economic activities, leading to the reconfiguration of market sites to comply with public health measures. Irish pubs serve as an illustrative example, being significant market sites for the alcohol and hospitality industries as well as community pillars. However, during the pandemic, the social interactions and alcohol consumption at the heart of pub life posed serious public health risks. This created conflicting priorities, with commercial interests pushing for pub reopening while public health authorities called for closure. The chapter highlights the qualification process of market sites and how these dynamics impact the relationship between marketplaces and spaces, with the Covid-19 pandemic serving as a catalyst for change.
How markets develop and change has been and continues to be a central theme in Market Studies. In this chapter I use theoretical ideas about change processes in general to elaborate on the markets as practice model and develop a conceptual vocabulary for analysing market change. Specifically, I combine three different theories of change (teleological, dialectical, and evolutionary) with findings from empirical studies of market change to identify six distinct, yet generic subprocesses of market change: market mimesis, market controversies, market management, market interferences, market change loops, and market development sequences. I elaborate on and illustrate each of these subprocesses and discuss how they interrelate to form ‘global’ market change processes.
Marketers are, generally, paid workers. While this may seem self-evident, for us to fully understand the hybrid combinations of devices, individuals and organizations that partake in marketing work and in the configuration of market actors, we must acknowledge the impacts of working relationships that are deeply embedded into marketing practice. A Marxist analytic lens helps us to do this. It encourages us to explore how the organization of marketing work produces and exploits value from marketing workers.
In an age of climate emergency and social divide, we investigate how the use of design methods in Market Studies can drive positive, real-world change through the development of moral markets. As universities catalyse technological innovation using responsible research and innovation approaches that bring in multiple stakeholders, new opportunities to simultaneously make moral markets have opened-up. Viewing moral markets as dynamic sociomaterial assemblages that seek to deliver value for people and the planet, but are always in the making, implies that Market Studies researchers can engaged in their transformation. Through a focus on design methods, we see how market-studies researcher actively engage in market interventions and transformation activities, and how this activism is shaping our understanding of the future. We draw on a pragmatist perspective on design inquiry, outlining different elements and devices of co-design methodology, and provide an example of its use in Market Studies. We conclude that, in a research environment that demands real-world impact, design methods may come to challenge and complement traditional research practices due to their ability to transform and create new worlds.
Marketographies – market ethnographies – are rooted in the actor-network theory tradition of ‘following the actor’, emphasizing descriptive methods that should be carried out like ‘a fly on the wall’ (Latour 2005, 136). By understanding the valuation and social life of methods in Market Studies, this chapter uncovers how Market Studies can require scholars to re-evaluate and switch gears from being ‘a fly on the wall’ to enacting different methods ‘on the fly.’ Extant Market Studies have been slow to acknowledge the dynamics of methods. In calling for such acknowledgments in Market Studies writing, I conceptualise methods ‘on the fly’ to highlight how methods contest, and are contested by the field, theory, and research questions. In doing so, I highlight the value of adapting Market Studies methods to capture elusive market practices in a messy and ever-changing world and its impact on producing relevant questions, theories, and market action.