Indirect Compellence and Institutional Change: U.S. Extraterritorial Law Enforcement and the Erosion of Swiss Banking Secrecy
| Autor: | Florian Überbacher, Andreas Georg Scherer |
|---|---|
| Přispěvatelé: | University of Zurich, Überbacher, Florian |
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
coercion
Extraterritoriality triadic relationships Public Administration Sociology and Political Science brokerage Coercion global business regulation political ideologies resource dependence Politics Transnational governance 10004 Department of Business Administration Arts and Humanities (miscellaneous) constructivism 3312 Sociology and Political Science Political science 0502 economics and business Secrecy 050602 political science & public administration transnational governance Institutional theory institutional theory Law and economics Resource dependence theory 05 social sciences 3321 Public Administration Law enforcement Articles 16. Peace & justice 0506 political science 330 Economics extraterritoriality 1201 Arts and Humanities (miscellaneous) 050203 business & management |
| Zdroj: | Administrative Science Quarterly |
| Popis: | Based on an in-depth, qualitative case study about a conflict between governmental authorities from the United States and Switzerland over the regulation of Swiss banks, we introduce indirect compellence as a novel triadic and indirect mechanism through which coercion leads to institutional change. Hostage-taking being a prototypical example, indirect compellence is typified by a coercive actor who takes a third party hostage to gain influence over a targeted actor. In our case, it meant that U.S. authorities (coercers) compelled Swiss policy makers (targets) to erode the famed Swiss banking secrecy rules by threatening the targets to otherwise enforce U.S. law extraterritorially against Swiss banks and bankers (hostages). Our constructivist and target-centered perspective explains this type of coercive pressure in detail, and it also suggests that targeted policy makers judge and respond to it contingent on their political ideologies. Our study contributes to research on power and influence in institutional environments and to research on global business regulation and transnational governance. Most generally, it also expands scholarly understanding of triadic relationships. In contrast to Simmelian perspectives’ focus on triads in which the third party is in a powerful brokerage position and frequently benefits as a tertius gaudens, our study suggests that the third party can also become a rather powerless tertius miserabilis who suffers rather than benefits from others’ conflict. |
| Databáze: | OpenAIRE |
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