ReportThe Cato Institute

How Viktor Orbán’s Hungary Eroded the Rule of Law and Free Markets

Johan Norberg, 2026

https://www.cato.org/policy-analysis/how-viktor-orbans-hungary-eroded-rule-law-free-markets

This analysis examines how Hungary’s political system under Viktor Orbán weakened democratic institutions, judicial independence, and competitive markets through centralized political and economic control. It explores the relationship between authoritarian governance, market distortion, and declining institutional accountability, highlighting implications for investors, businesses, and democratic stability.

Back to showcase

More Resources

Articles (115)

Books (15)

Reports (114)

Tools (22)

Videos (116)

Presentations (2)

Websites (20)

Items per page

361 – 380 of 405 results showing

ReportBSR

The Business Role in Creating a 21st Century Social Contract

Cramer, et al, 2020

BSR’s report (71 pages in full, 9-page summary linked here) focuses on creating a new social contract in business, focused on ample collaboration between public and private entities, so that we can face future challenges at scale. This review highlights the opportunity areas specifically for businesses.

ArticleProMarket (Stigler Center, University of Chicago Booth School of Business)

What Stakeholder Capitalism Can Learn from Milton Friedman

Alex Edmans, 2020

This article reexamines Milton Friedman’s shareholder primacy argument, suggesting that stakeholder capitalism can incorporate market discipline and accountability principles without abandoning broader societal obligations. It argues that profit-seeking must operate within competitive markets and legal frameworks that preserve democratic legitimacy and prevent capture.

ArticleHBR

When Should Your Company Speak Out on a Social Issue?

Paul Argenti, 2020

Considers three critical questions companies must ask themselves when deciding to speak out or take a stance on an issue. Assessment is oriented around alignment, potential influence, and constituency agreement.

ReportHarvard Business School

A Recovery Squandered (Chapter 3: The Role of Business in Politics Today and Tomorrow)

Michael E. Porter, Jan W. Rivkin, Mihir A. Desai, Katherine M. Gehl, William R. Kerr, with Manjari Raman, 2019

While this report more broadly assesses America’s competitiveness, Chapter 3: The Role of Business in Politics Today and Tomorrow, identifies the role of business in political gridlock, and suggests potential solutions. (See pg 28-36)

ArticleThomson Reuters

Board Oversight of Corporate Political Activity and CEO Activism

Holly J. Gregory, 2019

This article emphasizes the importance of board oversight in managing corporate political engagement and CEO activism, stressing the need for clear policies to mitigate risks and align political actions with overall business strategy. It highlights growing shareholder expectations for accountability and the potential reputational and financial impacts of CEO public statements.

ArticleHarvard Law School

Fiduciary Blind Spot: The Failure of Institutional Investors to Prevent the Illegitimate Use of Working Americans’ Savings for Corporate Political Spending

Leo E. Strine, Jr., 2019

Researchers describe the “double legitimacy” problem. American workers need to invest portions of their income into mutual funds to have economic security, thus becoming Worker Investors. Corporations are unconstrained and can dip into these funds to support their political spending. This paper outlines the Big 4’s political power in resolving the double legitimacy problem, and how their refusal is supporting policies that go against the Worker Investor.

Article Harvard Kennedy School

For the Sake of Argument

Nora Delaney, 2019

This teaching resource promotes constructive disagreement and structured debate as tools for better public decision-making. It encourages leaders to engage with opposing perspectives thoughtfully, emphasizing intellectual humility, evidence-based reasoning, and respectful dialogue to improve policy and organizational outcomes.

ArticleNational Review

The Case for Common Good Capitalism

Marco Rubio, 2019

Contrasts common-good capitalism with the modern shareholder-dominated economy. Advocates for restoring balance by prioritizing worker benefits and economic fairness. Analyzes how large corporations have become beholden to shareholder and bank demands, reducing innovation and limiting financial opportunity for other stakeholders.

ArticleNBER

The Economics and Politics of Market Concentration

Thomas Philippon, 2019

This article presents data on structural shifts in U.S. markets over the past two decades, showing how rising concentration moves returns from labor to capital, reduces competition, and limits investment. It distinguishes “good” concentration, driven by efficiency and innovation, from “bad” concentration, driven by rent-seeking. These market changes also influence political trends and policymaking, highlighting the broader economic and governance implications of concentrated industries.

ArticleHarvard Business Law Review

The Untenable Case for Keeping Investors in the Dark

Lucian A. Bebchuk, Robert J. Jackson, Jr., James David Nelson & Roberto Tallarita, 2019

The authors argue that withholding corporate political spending from investors increases reputational and legal risks. They contend that transparency allows investors to make informed decisions, aligning their investments with their values and minimizing potential risks.

ArticleCalifornia Management Review

CSR Needs CPR: Corporate Sustainability and Politics

Thomas P. Lyon, Magali A. Delmas, John W. Maxwell, Pratima (Tima) Bansal, Mireille Chiroleu-Assouline, Patricia Crifo, Rodolphe Durand, Jean-Pascal Gond, Andrew King, Michael Lenox, Michael Toffel, David Vogel & Frank Wijen, 2018

Suggests that a company’s political activities may have more impact on social and environmental sustainability than operations, and argues that corporate political responsibility requires transparency, accountability, and responsibility.

ReportIssue One

Dark Money, Illuminated

2018

Informative look at what dark money is, how it came to be, and the influence it has on shaping our society. Provides both a report and a first-of-its-kind database shining a light on transactions happening in the dark.

ArticleHarvard Business Review

Managing 21st-Century Political Risk

Condoleezza Rice & Amy Zegart, 2018

This article outlines how businesses can manage modern political risks, which now stem from a broader range of sources, including social media, local officials, and cybercriminals. It emphasizes four core competencies—understanding, analyzing, mitigating risks, and responding to crises—and provides practical questions and case studies to help companies strengthen their ability to handle political disruptions.

ReportB Team

SHARED SPACE UNDER PRESSURE: BUSINESS SUPPORT FOR CIVIC FREEDOMS AND HUMAN RIGHTS DEFENDERS

Bennett Freeman, 2018

This piece offers guidance for companies on how to protect civic freedoms and support human rights defenders. It outlines the normative framework, business case, and moral considerations for corporate engagement, emphasizing the importance of understanding the reality and severity of harms, the company's involvement, and the context in which they operate.

ReportCECP’s Strategic Investor Initiative (SII) and KKS Advisors

The Economic Significance of Long-term Plans

2018

This study found that investors showed clear market interest in long-term plans—particularly those with specific, forward-looking disclosures on strategy, trends, and financials—while vague or missing information on governance and ESG weakened impact, highlighting the need for more accountable, investor-relevant corporate communication to counter short-term market pressures.

ReportHidden Tribes

The Hidden Tribes of America

2018

This report based on extensive empirical research shows that, while political extremes dominate public discourse, most Americans belong to an “Exhausted Majority” who feel overlooked and frustrated by polarization. It underscores the need to elevate voices that champion trust, empathy, and shared values.

ArticleHBR

The New CEO Activists

Chatterji and Toffel, 2018

This article outlines CEO activism and its influence, risks, and rewards. Authors reference research to assert that CEOs must strategically decide when and how to engage with social and political issues. The included playbook provides insight on how to go about engagement for positive impact. By raising awareness and leveraging economic power, CEOs can embrace transparency and accountability to their company values.

ToolChief Executives for Corporate Purpose

CECP Long-term Integrated Plan Framework

2017

Outlines a structured framework for CEOs to disclose 3–5 year strategic plans—financial and non-financial—to long-term investors, helping align sustainability, purpose, and market-facing strategy while demonstrating material impact on stock performance and investor confidence.

Article PwC Strategy + Business

Common Purpose: Realigning Business, Economics & Society

Colm Kelly & Blair Shepperd, 2017

This article examines how current economic and political upheavals reflect an ongoing misalignment between business and economies and acceptable societal outcomes. Encourages re-examination of long-held assumptions.

BookCommittee for Economic Development

Sustaining Capitalism: Bipartisan Solutions to Restore Trust & Prosperity

Odland & Minarik, 2017

This report provides historical context on how business–government dynamics have contributed to rising inequality and public distrust, and invites business leaders to rethink their role in helping restore trust and shape a more inclusive, sustainable capitalism.

Share.

Do you have a resource to recommend for The CPR Hub? Please reach out and we will review it for future updates!

Contact Us

Receive Updates from The CPR Hub

Learn about new tools, insights and events to help you consider how CPR can help your company, clients or members.

Stay in the loop.