Premium
Why minority interests may be encouraged by majority regulation: A case study illustrated by slow money movement
Author(s) -
Ashta Arvind
Publication year - 2017
Publication title -
strategic change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.527
H-Index - 16
eISSN - 1099-1697
pISSN - 1086-1718
DOI - 10.1002/jsc.2173
Subject(s) - legislation , downside risk , business , public economics , set (abstract data type) , limit (mathematics) , economics , political science , finance , law , portfolio , mathematical analysis , mathematics , computer science , programming language
Minorities seeking majority legislations need to communicate the increased option set and limit the downside risk for the system. Social movements urging for change require institutional support including enabling legislation. Public policy support may require associating with similar movements or other stakeholders. Loss aversion, downside risk, crisis, and real options may be reasons for majorities to approve minority legislation.