Science, the Endless Frontier of Regulatory Capture

2021 ◽  
Author(s):  
Andrea Saltelli ◽  
Dorothy Dankel ◽  
Monica Di Fiore ◽  
Nina Holland ◽  
Martin Pigeon
Keyword(s):  
Regulatory Capture ◽  
Endless Frontier

scholarly journals Science, the endless frontier of regulatory capture

Futures ◽  
2021 ◽  
Author(s):  
Andrea Saltelli ◽  
Dorothy J. Dankel ◽  
Monica Di Fiore ◽  
Nina Holland ◽  
Martin Pigeon
Keyword(s):  
Regulatory Capture ◽  
Endless Frontier

The SEC's Revolving Door: Insights from Boards of Directors

2020 ◽  
Author(s):  
Juliane B. Wutzler
Keyword(s):  
Boards Of Directors ◽  
Securities And Exchange Commission ◽  
Revolving Door ◽  
Regulatory Capture ◽  
Accounting Quality ◽  
Shed Light ◽  
The U.S

This study aims to shed light on the determinants and consequences of the revolving door at the U.S. Securities and Exchange Commission (SEC). While revolvers may be good monitors due to their SEC experience and, thus, continuously create benefits for the economy ("schooling"), it is possible that they exploit their insights into the enforcement process and private connections to undermine enforcement ("regulatory capture"). Using a newly created dataset of revolvers who moved from the SEC to company boards, this study shows that not all revolvers are appointed for the same reasons and create the same benefits for their new employers. I demonstrate that those revolvers most closely involved in the enforcement process are associated with fewer future enforcement actions while accounting quality does not improve. Contrarily, external revolvers seem to use their monitoring and advising duties to improve accounting quality.

The State as an Actor

2017 ◽  
Author(s):  
Georg Menz
Keyword(s):  
Service Sector ◽  
The State ◽  
The Political ◽  
Regulatory Capture ◽  
Banking Institutions ◽  
Political Left ◽  
Central Actor ◽  
Capitalist State ◽  
State Of Affairs ◽  
Rules Of The Game

Despite the state being such a central actor in establishing and policing the rules of the game of any given political economy, its role is often neglected. In this chapter, we briefly review relevant state theories and explore changes to the nature and appearance of the capitalist state. The awesome increase in the political fire power of the financial service sector has unfortunately led to regulatory capture. The state can no longer be considered a neutral umpire, being heavily influenced by the prerogatives of major banking institutions. This state of affairs corrupts the hopes that liberals place in the self-policing powers of the marketplace and reflects certain fears on the political left regarding the pernicious effects of ‘financialization’.

Regulatory Capture Recaptured

2014 ◽  
Vol 74 (4) ◽  
pp. 539-542 ◽  
Author(s):  
Martin Lodge
Keyword(s):  
Regulatory Capture

The Endless Frontier

1961 ◽  
Vol 12 (3) ◽  
pp. 53-57
Author(s):  
W H G Armytage
Keyword(s):  
Endless Frontier

Corporate Political Activity and Regulatory Capture: How Some Companies Blunt the Knife of Socially Oriented Investor Activism

2016 ◽  
Vol 44 (5) ◽  
pp. 2064-2093 ◽  
Author(s):  
Michael Hadani ◽  
Jonathan P. Doh ◽  
Marguerite A. Schneider
Keyword(s):  
Shareholder Activism ◽  
Securities And Exchange Commission ◽  
Political Activity ◽  
Social Movement Organizations ◽  
Regulatory Capture ◽  
Corporate Political Activity ◽  
Nonmarket Strategy ◽  
Labor Policies ◽  
The Status ◽  
The Impact

Socially oriented shareholder activism is an increasingly important mechanism through which social movement organizations seek to influence the private sector by exerting pressure on corporate activities in areas such as human rights, environmental protection, and labor policies. This activism challenges the status quo of targeted firms and potentially their institutional field, disrupting “business as usual” and often drawing negative attention to the firms. We theorize that some firms might use corporate political activity (CPA) as an indirect, nonmarket strategy aimed at regulatory capture to reduce the impact of such disruptions. We focus on one popular avenue of shareholder activism—the proxy proposal mechanism—and the role the Securities and Exchange Commission (SEC) plays in allowing omission of socially oriented shareholder proposals from the proxy ballot. Using two distinct data sources, we find evidence that for S&P 500 firms, the SEC allows for the omission of the proposals from proxy ballots more frequently for those firms more active in CPA. These findings inform the growing scholarship on socially oriented activism as well as suggest the indirect influence of CPA on government agency decision making.

Endless Frontier: Vannevar Bush, Engineer of the American Century

Physics Today ◽  
1998 ◽  
Vol 51 (12) ◽  
pp. 49-50
Author(s):  
G. Pascal Zachary ◽  
Jessica Wang
Keyword(s):  
American Century ◽  
Vannevar Bush ◽  
Endless Frontier
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