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How Entrepreneurial Finance Is Transformed into Political Power: The Importance of “Friends with Benefits”

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Entrepreneurial Finance in Emerging Markets

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Abstract

This chapter discusses how successful entrepreneurial financiers in emerging markets transform their wealth into political power. This study of four cases from Chile, Lebanon, Thailand, and South Africa found that these actors at the wealth-power nexus rely heavily on a “friends with benefits” strategy, while not employing the means determination and affordable loss dimensions of effectuation.

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Notes

  1. 1.

    Four business actors come from economies that, due to their historical nature, do not have identifiable income levels. Rosling 2018’s dataset begins in 1800 CE.

  2. 2.

    Anglo-American Corporation of South Africa is that country’s largest business and the world’s largest platinum producer.

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Authors and Affiliations

  1. University of Baltimore, Baltimore, MD, USA

    David Lingelbach

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  1. David Lingelbach
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Correspondence to David Lingelbach .

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Editors and Affiliations

  1. Brandon University, Brandon, MB, Canada

    Darek Klonowski

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Lingelbach, D. (2020). How Entrepreneurial Finance Is Transformed into Political Power: The Importance of “Friends with Benefits”. In: Klonowski, D. (eds) Entrepreneurial Finance in Emerging Markets. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-46220-8_9

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  • DOI: https://doi.org/10.1007/978-3-030-46220-8_9

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-46219-2

  • Online ISBN: 978-3-030-46220-8

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