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result(s) for
"CRONIES"
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The Road to Crony Capitalism
by
Villarreal-Diaz, Mario
,
Munger, Michael C.
in
Analysis
,
Crony capitalism
,
The Road to Crony Capitalism
2019
Journal Article
Organizational cronyism and employee psychological withdrawal behavior: the mediating role of disidentification and moderating effect of employability
by
Xu, Chunning
,
Shaheen, Sadia
,
Bari, Muhammad Waseem
in
Adult
,
Behavior
,
Behavioral Science and Psychology
2025
Grounded in the conservation of the resource theory, this study aims to investigate the impact of organizational cronyism on the psychological withdrawal behavior of employees with the mediating role of organizational disidentification and moderating role of employability. Data were collected in two-time waves from 267 IT employees. The study’s findings revealed organizational cronyism increases psychological withdrawal behavior through organizational disidentification. Moreover, employability reduces the negative impact of organizational cronyism on organizational disidentification. This study contributes to the literature on organizational cronyism by highlighting the mediating role of organizational disidentification and the moderating role of employability. The study concludes by highlighting the conclusion, managerial and theoretical implications along with limitations and future research directions.
Journal Article
How far does membership in the Chinese government and the party contribute to wealth accumulation and protection: an empirical investigation
2025
How significant is membership in the Chinese government and party organizations, such as the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC), in shaping the wealth of private sector elites? Analyzing
China Rich List
data (1999–2015) with Ordinary Least Squares regression, Propensity Score Matching, and the Cox Hazard model, this study finds that NPC and CPPCC affiliation significantly boosts initial wealth accumulation, while Chinese Communist Party membership alone has minimal impact. However, political connections alone do not ensure long-term financial security, as industry positioning and inherited wealth play growing roles. Entrepreneurs in state-backed strategic industries gain wealth quickly but face volatility, while traditional sectors provide stability. Second-generation elites benefit from inherited wealth but experience higher early exit risks. A generational shift indicates a move toward market-driven success, though political influence remains crucial. The study underscores the ethical concerns of crony capitalism, where political ties distort competition and corporate accountability, offering insights into China’s evolving state-business relations.
Journal Article
Exploring the impact of political patronage networks on financial stability: Lebanon's 2019 economic crisis
2024
Amid Lebanon's multifaceted economic crisis, this paper explores the intricate dynamics between political patronage networks and financial stability. Grounded in the theoretical frameworks of New Institutional Economics (NIE) and Project Management (PM), the study delves into how entrenched political elites and patronage networks have shaped Lebanon's financial system, exacerbating vulnerabilities and perpetuating the ongoing crisis. Utilizing qualitative methods including in-depth interviews, document analysis, and case studies, the research illuminates the pivotal role of political actors and their vested interests in economic policies and financial institutions. The findings reveal systemic governance failures, crony capitalism, and institutional decay as underlying causes of Lebanon's economic stress. In response, the paper proposes a comprehensive framework for governance reform that integrates insights from NIE and PM, emphasizing structured planning, accountability mechanisms, and institutional strengthening. The purpose of this study is not only to contribute to a nuanced understanding of Lebanon's challenges but also to offer actionable insights for policymakers, academics, and stakeholders to address the root causes of the crisis and pave the way for sustainable economic recovery and revitalization.
Journal Article
The Social Quality Perspective in the Recovery Phase of the Military-Economic Cycle in Ukraine
2024
This article examines the main aspects of the social quality perspective in relation to the recovery phase of the Ukrainian military-economic cycle, in a global geopolitical context. It presents a brief historical account of the formation of the military-economic cycle, the geopolitical role of Ukraine, and their impact on social quality; it analyzes the current state of social quality in Ukraine, including the consequences of the local-global conflict on its territory; and it substantiates the need to introduce the social quality perspective into societal consciousness. The results presented are relevant because the upcoming recovery phase of the cyclical development of the Ukrainian political-economic system, after the crisis stage, which is natural in cyclical development, is the key period in which a more egalitarian and comprehensively balanced societal structure can be realized.
Journal Article