More than Money: Political Participation by Elite Business Families
研究智利商业家族直接参与政治角色的经济和社会特征,发现社会嵌入性(如国家根源、宗教背景和家族代际)比经济特征更能解释其政治参与,对理解精英政治和商业家族行为有参考价值。
Business families directly participating in political roles have considerable influence in various countries. We explore political business families’ unique economic and social characteristics through a social embeddedness lens. We build a comprehensive dataset of Chilean business families and identify their direct political participation from 1989 to 2020. We find limited support for economic features tied to political participation, whereas social characteristics, such as nationally rooted origins, religious affiliations, and family generation, are shared features of political business families. We extend the literature by analyzing how business families with greater social embeddedness act as legitimate representatives of the big business class in the state.