Peer-Reviewed Journal Details
Mandatory Fields
McMenamin, I
2012
January
World Politics
IF MONEY TALKS, WHAT DOES IT SAY? Varieties of Capitalism and Business Financing of Parties
Published
13 ()
Optional Fields
CORPORATE POLITICAL ACTIVITY POLICY FIRM REPRESENTATION PERSPECTIVE CORRUPTION DONATIONS DEMOCRACY GERMANY BRITAIN
64
1
Do business contributions to political parties convey different messages in different countries, and, if so, why? This article presents a pioneering cross-national study of firm behavior in political finance. It argues that motivations for contributions to parties are either ideological or pragmatic. The author infers motivation by quantitatively relating the payments of 960 firms to various political parties in Australia, Canada, and Germany over periods of between seven and seventeen years. In coordinated market economy Germany, a small number of firms made ideological payments; in liberal market economy Australia and Canada, large numbers of firms made pragmatic payments. Australia's left-right party system creates an awareness of policy risk, which motivated ideological payments, but in Canada's unusually nonideological party system no ideological bias in business financing of politics was found. The statistical analysis is supplemented by a qualitative investigation of discrete and reciprocal exchanges between businesses and political parties.
NEW YORK
0043-8871
10.1017/S004388711100027X
Grant Details