Established Banks and Established Churches: A Study of Stockholder Resolutions
Establishmentism theory posits a mutually beneficial system of connections among banking, political, and other elites, which in turn operates to the disbenefit of non-elites. Usually included in this presumed concatenation of socially unaccountable elites are the "established" churches, as...
| Published in: | Review of religious research |
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| Authors: | ; |
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer
1985
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| In: |
Review of religious research
Year: 1985, Volume: 27, Issue: 1, Pages: 63-76 |
| Online Access: |
Volltext (lizenzpflichtig) Volltext (lizenzpflichtig) |
| Parallel Edition: | Non-electronic
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| Summary: | Establishmentism theory posits a mutually beneficial system of connections among banking, political, and other elites, which in turn operates to the disbenefit of non-elites. Usually included in this presumed concatenation of socially unaccountable elites are the "established" churches, as manifested especially in their extensive stockholdings in large established enterprises. However, recently a growing number of shareholder resolutions have been brought against established enterprises by the established churches. We examined these resolutions against the largest 100 U.S. banks in 1972-1983. The most established banks provoked the greatest number of challenges. Further, established banks proved no more or less responsive in making concessions to shareholder demands than did the less established. What did enhance bank responsiveness, however, was the level of church pressure. We conclude with speculation about the role of established religion in the future cohesion and legitimacy of Establishment elites. |
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| ISSN: | 2211-4866 |
| Contains: | Enthalten in: Review of religious research
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| Persistent identifiers: | DOI: 10.2307/3511938 |