This paper analyzes the conditions that lead to the political power position of business by developing a signaling model of corporate lobbying in democratic capitalist societies. Abandoning the traditional dichotomy of structural economic determinants versus business’ political action, the model predicts under which conditions elected political decisionmakers modify their policy pledges to acco...

In this paper, we examined an effective business model for the ecosystem of Islamic FinTech for Resalat Islamic Bank. The article discussed three phases of Resalat Bank development as a Platform in formulating social business models that require new value propositions, value constellations, and profit equations, and as such, resembles business model innovation. The result of the qualitative met...

Background: Customs in the world of business today is one of the most important pillars that regulates trade relations between individuals and legal entities, private, public and international law. Among the actors in this field, in addition to national and transnational governments and companies, there is a new phenomenon called the market. The market plays an important role in considering val...

When social movements protest large corporations, are they taking on just the targeted firm or is their target part of an organized sector larger corporate class? Put differently, corporations purely atomistic entities collective actors, at level capitalist Extant research finds class-wide networks often unify political behavior connected firms, including in responses to protests. Yet, other st...

With the enactment of the General Law of Finances of 2001 (LOLF, 2001), the French Government introduced a new set of accounting standards shaped by an explicit conceptual framework. This legislation retains for public sector accounting the logic of financial reporting that had been in effect for business enterprises, but also addresses the “specificities” of accounting for public sector entiti...

This paper is the first attempt to study the process and criteria used by entrepreneurs in evaluating venture capitalists. Selection process involves issues such as the time invested in gathering information, the sources of information, and the number of venture capitalists considered. Selection criteria are split into four groups: (1) Valuation; (2) Value-Added Services; (3) Reputational Facto...

The main purpose of this paper is to trace epistemological roots of conventional and Islamic finance. Based on an extensive literature review, this paper aims to highlight, explain, and discuss an ideal conventional and Islamic financial system. The ideal conventional financial system is discussed in light of various writings by Smith and Arrow, based on Arrow-Debreu model. On the other ...

It is well known that Karl Marx explained profit in capitalist economies as arising primarily from the exploitation of productive labor. Less generally understood is Marx’s theory as to the economic logic of capitalist exploitation, in particular the sense in and degree to which the latter depends on direct capitalist control of production, which Marx termed the subsumption of labor under capit...