The Hired Gun as Facilitator: Lawyers and the Suppression of Business Disputes in Silicon Valley

This article draws on interview data from California's Silicon Valley to explore the role of local business attorneys in shaping the market for high-technology start-up financing. Far from exerting a disruptive or disputatious influence on business relations, Silicon Valley lawyers actively facilitate the functioning of the region's venture capital sector. In particular, attorneys intervene in the start-up process to absorb, suppress, and avert crucial uncertainties that might otherwise elevate transaction costs, imperil economic activity, and foster interorganizational discord. Local law firms moderate the hazards of new-company financing in at least three distinct ways: (1) by directly absorbing economic uncertainties in individual transactions; (2) by constructing, preserving, and reproducing normative and cognitive understandings within the community as a whole; and (3) by incorporating these local practices into the external legal regime.     

Crime and safety-related concerns in a small community

This research utilizes social context and personal characteristics as determinants of both perceptions and satisfaction with safety in the local neighborhood. Using survey data obtained from residents of a small town, this analysis examines the impact of satisfaction with the environment, victimization, and social integration on attitudes concerning safety. Consistent with past research, results indicate that victimization and satisfaction with the local area are both significant predictors of perceptions of safety. They also share a significant relationship with satisfaction with safety. Two indicators of social integration yielded differing results. Participation in local organizations and associations played a more significant role in attitudes concerning safety than did the number of friends a respondent has in the neighborhood. When controlling for personal characteristics, participation in organizations was a more significant predictor of perceptions of safety than of satisfaction with safety. This project was funded by Midway College and a grant from the Association of American Colleges to the University of Louisville. An earlier version of this research was presented to the American Sociological Association. The authors would like to acknowledge the suggestions of Susan Bennett.     

Limited Liability in California 1928-31: It's the Lawyers

Only in 1931 was the California Corporate Code revised to providefor limited liability. In earlier work I found that this movehad no detectable effect on shareholder wealth. In this articleI examine the potential beneficiaries of this change with aneye toward finding out who wanted this change. Using this historicalexample we can shed light on a number of issues including: (1)the economic impact of limited liability; (2) the role of lawyers,especially lawyers of high prestige, in determining the law;and (3) the competition or lack thereof among states in designingtheir corporate codes.     

Systematic Procedures for Operational Code Analysis: Measuring and Modeling Jimmy Carter's Operational Code

In this article we introduce a new scoring system for doing operational code analysis and test its reliability and validity by measuring and modeling President Jimmy Carter's operational code. Using speeches from the public record, we construct indices for the elements of the operational code construct. Based upon the valences and scaled intensities of verbs uttered in the speeches, President Jimmy Carter's views of the political universe and approaches to political action in different issue areas are identified and compared. The results of the analysis provide reasonable support for the face, construct, and content validity of the operational code indices. We find that Carter's view of the political universe and approach to political action were consistent across issue areas during the first three years of his term as president. Following the Soviet invasion of Afghanistan President Carter's support for human rights remained steadfast. Statistically significant shifts occurred in his views of the Soviet Union and others in the political universe and in his approach to political action regarding the conduct of U.S.-Soviet relations and other issues.