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Elite Social Relations and Corporate Political Donations in Britain

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  • Matthew Bond

Abstract

Elite theory critiques of corporate political action rest on the claim that it advances the political interests of elite status groups. This article examines that claim by investigating the relationship between a British corporation's propensity to make donations to the Conservative party and its directors' educational backgrounds and social club affiliations. Using a structural equivalence blockmodel, it is shown that among the largest 250 British corporations in 1995 there was a set with directors who came from elite educational backgrounds and were members of elite social clubs. These corporations made a disproportionate number of donations. I argue that these results support the elite theory critique.

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  • Matthew Bond, 2007. "Elite Social Relations and Corporate Political Donations in Britain," Political Studies, Political Studies Association, vol. 55(1), pages 59-85, March.
    • Handle: RePEc:bla:polstu:v:55:y:2007:i:1:p:59-85
    DOI: 10.1111/j.1467-9248.2007.00622.x
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    1. Hopkin, Jonathan, 2004. "The problem with party finance : theoretical perspectives on the funding of party politics," LSE Research Online Documents on Economics 646, London School of Economics and Political Science, LSE Library.
    2. Scott, John, 1997. "Corporate Business and Capitalist Classes," OUP Catalogue, Oxford University Press, number 9780198280767.
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    Cited by:

    1. Sara Bormann & Debbie Claassen & Christian Hofmann & Nina Schwaiger, 2020. "Conservative traits and managerial forecasting style," Journal of Business Economics, Springer, vol. 90(3), pages 335-368, April.
    2. Kai Jäger, 2013. "Sources of Franco-German corporate support for the euro: The effects of business network centrality and political connections," European Union Politics, , vol. 14(1), pages 115-139, March.
    3. Kai Jäger, 2017. "Studies on Issues in Political Economy since the Global Financial Crisis," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 71.

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