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Multipositional and transnational members of the Hungarian economic elite at the end of the 1990s: Their social characteristics and income chances

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  • Gyoergy Lengyel

Abstract

Based on empirical research, the paper investigates two segments of the Hungarian economic elite: multipositionals – who hold three or more positions – and the leaders of transnational companies. It investigates the social characteristics and income chances of the two groups; income chances are measured in relative terms. Multipositionality was more frequent among leaders of private than state-owned companies, and less typical among managers of foreign than Hungarian companies. Multipositionals had two and a half, transnationals more than three times better income chances than the rest of the economic elite. Regression models revealed that besides multipositionality and foreign ownership, middle class social origin and a continuous career also had a positive effect on income chances.

Suggested Citation

  • Gyoergy Lengyel, 2008. "Multipositional and transnational members of the Hungarian economic elite at the end of the 1990s: Their social characteristics and income chances," Journal of East European Management Studies, Rainer Hampp Verlag, vol. 13(4), pages 291-304.
    • Handle: RePEc:rai:joeems:doi_10.1688/1862-0019_jeems_2008_04_lengyel
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    Keywords

    economic elite; business leaders; managers; transnational companies; multipositionality; post-socialist transformation; Hungary; income differences;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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