TY - JOUR
T1 - Capitalism, Cronyism, and Management Scholarship
T2 - A Call for Clarity
AU - Klein, Peter G.
AU - Holmes Jr., R. Michael
AU - Foss, Nicolai J.
AU - Terjesen, Siri
AU - Pepe, Justin
N1 - Published online: 25. June 2021.
PY - 2022/2
Y1 - 2022/2
N2 - Capitalism, characterized by by private ownership, coordination through markets, and decentralization, is blamed for a variety of economic, environmental, and social ills. These critiques often confuse capitalism with cronyism, a system of government favoritism toward particular firms. We show how this confusion harms management research, teaching, and practice.
AB - Capitalism, characterized by by private ownership, coordination through markets, and decentralization, is blamed for a variety of economic, environmental, and social ills. These critiques often confuse capitalism with cronyism, a system of government favoritism toward particular firms. We show how this confusion harms management research, teaching, and practice.
U2 - 10.5465/amp.2019.0198
DO - 10.5465/amp.2019.0198
M3 - Journal article
SN - 1558-9080
VL - 36
SP - 6
EP - 29
JO - Academy of Management Perspectives
JF - Academy of Management Perspectives
IS - 1
ER -