Power, Policy and Profit


Power, Policy and Profit

Corporate Engagement in Politics and Governance

9781784711207 Edward Elgar Publishing
Edited by Christina Garsten, Professor of Social Anthropology, Department of Social Anthropology and Stockholm Centre for Organizational Research (SCORE) and Adrienne Sörbom, Associate Professor of Sociology, Stockholm Centre for Organizational Research (SCORE), Stockholm University, Sweden
Publication Date: 2017 ISBN: 978 1 78471 120 7 Extent: 240 pp
Power, Policy and Profit investigates the manifold ways in which corporate actors attempt to broadly influence political activities. With intensified globalization of markets, the restructuring of provisions of welfare services and accumulation of private capital opportunities for corporate influence in politics affairs have multiplied. Bringing together scholars from different fields in the study of global governance, the volume addresses the rising influence and power of corporate actors on the national and transnational political scene.

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Power, Policy and Profit investigates the many ways in which corporate actors attempt to influence political activities. Through the intensified globalization of markets, the restructuring of welfare services and the accumulation of private capital, opportunities for corporate influence in politics affairs are shown to have multiplied.

Bringing together different fields of global governance studies, this book addresses the rising political influence of corporate actors both nationally and internationally. Corporate influence on policy is now commonplace through lobbying, advocacy and campaign contributions; funding analysis and research; creating or adopting standards for social responsibility and shaping transparency guidelines. Key chapters show how corporations can now have leverage in broad political affairs: an activity central to the organization of markets.

Power, Policy and Profit will be of great interest to students and academics of business and management, politics and governance studies. Policy professionals will find this a timely read on the complexities of corporate engagement in politics and governance.
Critical Acclaim
‘An expansive, incisive analysis documenting the sprawling and fast-evolving growth of corporate power in policymaking venues across the globe. Pushing the narrative far beyond a simple money-in-politics storyline, the authors illustrate how corporations exert increasing influence in the public sphere and often gain the upper hand vis-à-vis nation-states. Anyone concerned about democratic standards and accountable governance will find this book a must-read.’
– Janine R. Wedel, George Mason University, US

‘This challenging book revisits the relationships between state and market by accounting for the unexpected development of corporations as policymakers, an emergent, global phenomenon. The authors address this fascinating issue in its multiple dimensions. They describe, examine and analyze the way corporations craftily “bricole” political and economic interests; the ambiguous status and roles of international non-state organizations; the permanent duality between doing-good and making money that corporations embrace. They uncover a rather discrete but central transformation of today’s definition of public intervention.’
– Christine Musselin, SciencesPo, Paris, France

‘Power, Policy and Profit tackles the important and understudied problem of how firms attempt to shape their environment, especially their political and institutional environments. The essays go well beyond examining well-known activities to shed light on venues, strategies and events to which researchers have previously given scant attention. As such, the volume makes an important contribution and promises to stimulate important new lines of research on corporate power.’
– Stephen R. Barley, University of California Santa Barbara, US
Contributors: F. Aggeri, E. Boxenbaum, J.-Y. Caneill, M. Cartel, H. Dumez, M. Flyverbom, C. Garsten, A. Jeunemaître, A. Nyqvist, M. Pérezts, X. Philippe, S. Picard, B. Rothstein, M.-L. Salles-Djelic, A. Sörbom, V. Steyer, R. Thedvall, A. Tyllström, D.A. Westbrook

Introduction: Political affairs in the global domain
Christina Garsten and Adrienne Sörbom.

1. Building an architecture for political influence: Atlas and the transnational institutionalization of the neoliberal think tank
Marie-Laure Salles-Djelic

2. Global policy bricolage: The role of business in the World Economic Forum
Christina Garsten and Adrienne Sörbom

3. Policy making as collective bricolage: The role of the electricity sector in the Making of the European carbon market
Mélodie Cartel, Eva Boxenbaum, Franck Aggeri and Jean-Yves Caneill

4. Lobbying in Practice: An ethnographic field study of public affairs consultancy
Anna Tyllström

5. Firms’ political strategies in a new public/private environment: The Boeing case
Hervé Dumez and Alain Jeunemaître

6. Corporate advocacy in the internet domain: Shaping policy through data visualizations
Mikkel Flyverbom

7. Talking like an institutional investor: On the gentle voices of financial giants
Anette Nyqvist

8. Leading the war on epidemics: exploring corporations’ predatory modus operandi and their effects on institutional field dynamics
Sébastien Picard, Véronique Steyer, Xavier Philippe and Mar Pérezts

9. Political chocolate: Branding it fairtrade
Renita Thedvall

10. Preventing markets from self-destruction
Bo Rothstein

Reflections: Leaving Flatland? Planar discourses and the search for the G-axis.
David A. Westbrook

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