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Comment on Zhou & Hou: a negative life event with positive consequences?

Article Abstract:

China's adverse policy of sending millions of urban youth to the rural areas during the Cultural Revolution changed their lives drastically. It is debatable, however, whether the experience had positive consequences for the urban youth as claimed by Zhou and Hou (1999). To be sure, the sent-down youth had more success in entering college and holding high social status as cadres in government, and the mid-life income of those who stayed in the countryside less than six years was not substantially different from that of other youth who did not experience the send-down. Nonetheless, there might be some unknown factors other than the send-down experience that could have driven such positive effects.

Author: Chen, Kevin, Cheng, Xiaonong
Publisher: American Sociological Association
Publication Name: American Sociological Review
Subject: Sociology and social work
ISSN: 0003-1224
Year: 1999
China, Social policy, Employment, Social change, Culture, Communism, Cultural Revolution, 1966-1976, Communism and culture, Urban youth

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Networks of power or the finance conception of control? Comment on Palmer, Barber, Zhou and Soysal

Article Abstract:

The wave of corporate acquisitions in the US that took place in the 1960s cannot be adequately explained by network interlocks or financially linked boards of directors. This is because the interests of financial firms that comprise network interlocks would not differ widely from the interests of managers and owners in ways that would impact on the strategic behavior of companies. Also, the significance of interlocks has been diminished in legislation such as the Federal Trade Commission Act and the Glass-Steagall Act.

Author: Fligstein, Neil
Publisher: American Sociological Association
Publication Name: American Sociological Review
Subject: Sociology and social work
ISSN: 0003-1224
Year: 1995

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The finance conception of control - "the theory that ate New York?" Reply to Fligstein

Article Abstract:

The finance conception of control theory does not explain the wave of corporate acquisitions which swept the US in the 1960s. Network interlocks, or financial linkages between boards of directors of firms, remain the factor behind the merger movement during the decade, which peaked in 1968. In advancing the finance conception of control theory, the roles of resource-dependence relations as well as other economic factors in the corporate acquisitions during the period are unjustly negated.

Author: Barber, Brad M., Zhou, Xueguang, Palmer, Donald
Publisher: American Sociological Association
Publication Name: American Sociological Review
Subject: Sociology and social work
ISSN: 0003-1224
Year: 1995

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Subjects list: Analysis, Mergers, acquisitions and divestments, Acquisitions and mergers, Corporations
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